You are here

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

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.


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to