China lifts reserve ratio on fears over inflows, Australia hikes again

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In its third tightening measure this year, the People's Bank of China (PBoC) on Sunday lifted its reserve requirement ratio by 50 basis points, taking it to 17% for most big banks and 15% for the smaller lenders.

The move, which will take effect next Monday, follows identical hikes in January and February, implemented to mop up excess liquidity in Chinese markets. It is estimated that Sunday's hike will draw about Rmb300 billion ($44 billion) out of the system.

Analysts, however, do not view the

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