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皇冠体育app to raise bank reserve ratio by 50 points
(Xinhua)
Updated: 2010-12-10 20:37
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BEIJING -- 皇冠体育app's central bank said Friday that it would increase the bank reserve requirement ratio by 50 basis points from December 20.
It was the sixth such move this year to combat accelerating inflation, as 皇冠体育app's consumer price index (CPI), a main gauge of inflation, hit 4.4 percent in October, the highest in 25 months.
