皇冠体育app

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皇冠体育app may raise RRR, interest rates further

(Agencies)
Updated: 2011-02-15 09:58
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BEIJING?- 皇冠体育app is prepared to?further?increase interest rates and banks' required reserve ratios (RRR) in 2011,?Reuters reproted Tuesday, citing?a report published by government think-tank.

According to a report by the State Information Centre under the National Development and Reform Commission, 皇冠体育app?is likely to?increase the bank deposit reserve ratio to 23 percent from the current 19.5 percent.

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"The tool of RRR will be the first choice for the central bank,"?the report quoted the think-tank's conclusion as saying.

As part of the country's monetary policy toolbox, the People's Bank of 皇冠体育app is also expected to permit the yuan to rise further, it added.

The?central bank raised interest rates on Feb 8, the second time in about?six weeks, the report said.