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China Raises Deposit Reserve Ratio
The Chinese central bank People's Bank of China (PBOC) announced to raise the renminbi deposit reserve ratio by 0.5 percentage point as from January 18, 2010.
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Events
Adjustment of RRR in the recent
Related Information
¡ñ The reserve requirement (or required reserve ratio or cash reserve ratio) is a bank regulation that sets the minimum reserves each bank must hold to customer deposits and notes. It would normally be in the form of fiat currency stored in a bank vault (vault cash), or with a central bank.
¡ñ The reserve ratio is sometimes used as a tool in the monetary policy, influencing the country's economy, borrowing, and interest rates.
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