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China: Another 50bp hike in bank reserve requirement to 16.5%

Posted by admin
Mei 28, 2008

The Peoples Bank of China (PBoC) today hiked the Required Reserve Ratio (RRR) for commercial banks by 50 bp to 16.5% (see chart 1 below). This move follows the release of reports earlier today showing an increase in inflation, see our Flash Comment - China: Inflation accelerated slightly in April and no signs as yet of a sharp slowdown in export growth, see our Flash Comment - China: No clear signs of export slowdown yet.

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