China again raises Bank reserves

Most Popular posts from other blogs...

18 April 2011 last China is updated inflationary measures at 03: 37 GMT ' take a long time ", says Peter Hoflich the Asian Banker China Central Bank raised the amount of money, the lender in reserve for the fourth time have this year, as it increasing inflation battles."

Insisting banks hold more money to give the Central Bank hopes, which in turn will reduce expenditure limit.

The latest move, raising the required reserve ratio from 20% to a record 20.5%, is expected to be over building Yuan ($54bn, £ 33bn) lock-up, which can otherwise give banks.

Inflation in China reached 5.4% in March.

Rising food prices were the main cause, with the cost of food by 11.7% in the year to March. Housing costs have also surged.

The Central Bank has increased four times also interest rates since October, when it tries to inflation put an end to areas.