Central Bank: 16 Days, Raise The Deposit Reserve Ratio By 50 Basis Points.

This is the fourth time the central bank has raised its deposits this year.

The central bank officially announced on November 10th evening, since November 16, 2010, raised the deposit reserve financial institutions RMB deposit reserve ratio of 50 basis points.

This is the fourth time the central bank has raised the deposit reserve rate this year. The cumulative increase has reached 2%, the last time it was raised in May 10th.

For the first time this year, the central bank raised the deposit reserve ratio of the deposit financing institutions in January 18th. The increase was 50 basis points.

The second time for February 25th is also to raise the deposit reserve ratio of 50 yuan for deposit financial institutions.

Earlier, it was reported that the central bank will re implement the differential deposit reserve ratio for some banks by 50 basis points next Monday, including the largest state-owned banks such as Bank of communications, China Construction Bank, ICBC and so on.

Prior to October 13th, the central bank has increased the deposit reserve ratio of four major state-owned banks, such as workers, agriculture, China and construction, as well as China Merchants Bank and Minsheng Bank, which is 0.5 percentage points, with a term of two months.

It is worth noting that in November 9th, the vice governor of the central bank Du Jinfu and ma de LAN expressed their respective views respectively.

Du Jinfu said the central bank is highly concerned about inflation and changes in its economic indicators on the premise of moderate easing.

He also said that the central bank will not allow inflation to occur, and that the central bank is hedging at all times and that the central bank has currency.