Saturday, April 28, 2007

UPDATE 1-China raises banks' required reserves again

(Reuters) - The People's Bank of China said big banks would have to hold 11 percent of their deposits in reserve at the central bank as from May 15, up from 10.5 percent now.

It is the fourth increase in reserve requirements this year and the seventh since June 2006.


Read more at Reuters.com Bonds News

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