China raises banks' reserve requirements again

(Reuters) - The 0.5 percentage point increase in the reserve
requirement ratio would take effect on August 15, the People's
Bank of China said on its Web site, www.pbc.gov.cn. That takes
the ratio for big banks to 12.0 percent.




Many economists were not surprised by the move, though it
is uncommon for the central bank to announce such policy moves
on a Monday.


Read more at Reuters.com Bonds News