Saturday, January 15, 2011

DailyMarkets.com - The People’s Bank Of China Raised The Required Reserve Ratio Another 50bps

DailyMarkets.com - The People’s Bank Of China Raised The Required Reserve Ratio Another 50bps

The People’s Bank Of China Raised The Required Reserve Ratio Another 50bps

Posted: 15 Jan 2011 05:30 AM PST

The People’s Bank of China [PBOC] raised the required reserves ratio another 50 basis points (placing the rate at 19% from 20 Jan 2011). The move comes just ahead of the December economic statistics releases (due early next week), and follows a spike in inflation to 5.1% in November. Previously the PBOC has commented that it may look to review required reserve ratios on a monthly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Central Bank Of Chile Holds Key Policy Rate At 3.25%

Posted: 15 Jan 2011 05:24 AM PST

The Central Bank of Chile maintained its main monetary policy reference rate at 3.25% in a slight pause on its path to monetary policy normalisation. Chile saw inflation of 3% in December, which is in line with the Bank’s policy objectives, but as there remains some upside risks to inflation the Bank could commence tightening again … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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