Central Bank Raises Reserve Requirement

Banking, Finance and Insurance

Friday, October 10, 2008 21:00:22

	Central Bank Raises Reserve Requirement By STAFF EDITOR Published: February 16, 2007 04:28 AM The People's Bank of China said it has hiked bank reserve requirements, to take effect on Feb 25, Forbes reported.The central bank said reserve requirements have been raised by 50 basis points, which would bring the reserves most banks would have to maintain up to 10%. This marks second reserve requirement ... You are currently reading 51 words of 156 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: Central Bank , China Banking , Bank of China , EA	More Articles in Banking, Finance and Insurance > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Desire to invest in stocks, real estate hits 10-year low Banking sector steady despite mortgage risks Standard Chartered offers unsecured loans to Chongqing SMEs Beijing Rural Bank’s Q1 net profit up 38% China’s pension fund to invest more aggressively 7 large Chinese banks have US$722m Lehman exposure MoneyGram in negotiations to expand bank network

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