China hikes reserve ratio again

The People's Bank of China raised its reserve requirement ratio for the fourth time this year after producer price inflation soared 10.2% year-on-year in the first quarter.

The ratio rose half a point to 16.5%. The central bank said the decision was made "in order to strengthen liquidity management in the banking system and guide the rational growth of money and credit."

The increase in inflation is largely a result of soaring costs for goods such as vegetable oil, meat and crude oil, prices

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: