China raises bank reserves requirement
BEIJING, April 17 (UPI) -- China's bicentric slope Sun declared it was raising the required jock ratio for the fourth this year to counteract rising inflation.
The RRR for China's directive lenders was boosted another 50 basis points to a record broad of 20.5 points, which the Xinhua programme authority said Sun effectuation banks are required to ready 20 1/2 proportionality of its deposits as a reserve.
Xinhua said the process was declared after China's consumer toll finger for March reached a 32-month broad of 5.4 percent.
Zhou Xiaochun told reporters terminal week that China would "continue tightening monetary policy for whatever time."
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