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PBOC to raise reserve ratios for some banks

Move will apply to lenders who do not meet criteria; this may contain credit growth after January's jump in advances

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CORRECTIVE MEASURES: The PBOC is seeking to lower overall borrowing costs to underpin an economy that expanded at the slowest pace in a quarter century last year.

Beijing

CHINA'S central bank said some banks will be forced to lock away more reserves, a move that may contain credit growth after advances by smaller lenders jumped in January.

Some banks no longer meet criteria for preferential reserve requirement ratios and will have those

sentifi.com

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