The People Bank of China decided to raise on July 6th the basic interest rate for one year lending by 0.25 percent points to 6.56%; this is the fourth rate raise this year. One of the prime reasons was to…
Tag: Bank of China loans
Bank of China raised loans restrictions again – May 22
The People Bank of China raised again the reserve requirements ratio of commercial banks in China by 0.5 percent points to 21%. This is the fourth raise during 2011. This is one of the tools that the PBC is using…