China lifts reserve ratio on fears over inflows
The People's Bank of China (PBoC) on Wednesday raised its reserve requirement ratio by 50 basis points.
The move, which will take effect next Tuesday, follows identical hikes in January, February and May, implemented to mop up excess liquidity in Chinese markets. However, there is uncertainty over what the level of the reserve ratio is for banks.
Mark Williams, a senior China economist at Capital Economics, a consultancy, said the new ratio remained uncertain but could be as high as 18.5% for
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