00:03, 18 June 2008 Page views 383 views

The People's Bank of China Raises Its Deductions to the Reserve Fund

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On June 7, 2008, the People's Bank of China (the Central Bank of the country) announced in Beijing its decision to raise by one point its deductions to the reserve fund in yuan deposits of the financial institutions of the People’s Republic of China. This measure was prompted by the necessity to tighten control over the liquidity of the country’s banking system.

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