Reserve ratio up as Zhou hints at PBC hike

The People's Bank of China on Wednesday 18 March demanded that banks hold more cash in its coffers as Zhou Xiaochuan, the governor of the central bank, indicated rate rises were likely.

The central bank hiked its reserve requirement ratio, the amount of reserves that institutions must hold as a proportion of their liabilities, by half a percentage point to 15.5%, almost double the 8% amount required by the Basel II framework, in a bid to temper inflation which hit a fresh 12-year high in Febr

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