www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

(Xinhua)
Updated: 2008-03-18 19:41

China's central bank decided on Tuesday to raise the deposit reserve requirement ratio of commercial banks to a record high of 15.5 percent, the second such move this year.

This file photo shows the overview of China's central bank, People's Bank of China. The central bank decided on Tuesday to raise the deposit reserve requirement ratio of commercial banks to a record high of 15.5 percent,up 0.5 percent points and the second such move this year. [Baidu.com]

The move was to further strengthen regulation of liquidity in the banking system and lead bank loans to increase in a reasonable way, said a statement on the website of the People's Bank of China (PBOC).

Related readings: Wen: China to adopt monetary policies properly Central banker Zhou sees room to raise rates Expert: China has room to raise bank reserve requirement China hikes bank reserve ratio to 15%

It echoed Premier Wen Jiabao's talks at a press conference Tuesday that the government would tackle soaring prices and mounting inflationary pressure.

In his government work report to the National People's Congress, Wen said the task of holding down inflation was "difficult".

"The current price hikes and increasing inflationary pressures are the biggest concern of the people," he said.

In its bid to contain rising inflation, the central bank has raised the reserve requirements 12 times and the interest rates six times since last year.