18
February
China raises bank reserves to fight inflation
18 February 2011 Reuters
China on Friday raised banks' required reserves by 50 basis points, showing no let-up in a campaign to stamp out stubbornly high inflation.
The fifth such increase since October will force the country's biggest lenders to lock up a record amount of their deposits at the central bank, removing cash from the economy that otherwise would be pressuring prices higher.
http://www.reuters.com/article/2011/02/18/us-china-economy-rrr-idUSTRE71H20S20110218
