Wednesday, January 13, 2010

China Accelerated Stimulus Exit Signals Higher Rates (Update1)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aMRvmslnFIRc&pos=5

The People’s Bank of China yesterday raised the proportion of deposits that banks must set aside as reserves by 50 basis points starting Jan. 18. Economists hadn’t anticipated the move until at least April, the median of 11 forecasts in a Bloomberg News survey showed last week.

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