Pacific Ocean, travel, Hawaii, Kauai,
Pacific Ocean, travel, Hawaii, Kauai,

Pacific Tribune

Gathering Art and Lifestyle News about Issues for the Pacific Basin
October 14th, 2007

China hikes bank reserve rate to 13%

China hikes bank reserve rate to 13%

China ordered banks to set aside more money as reserves for the eighth time this year to cool speculation in stocks and real estate and curb the fastest inflation in 10 years.  Lenders must park 13 percent of deposits as reserves from October 25, up from 12.5 percent, the People’s Bank of China said Saturday on its Web site. The required ratio is the highest in almost a decade.

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Posted in China, capitalism, currency, interest rates, international trade |

This entry was posted on Sunday, October 14th, 2007 at 9:43 am and is filed under China, capitalism, currency, interest rates, international trade. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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