China on Friday raised required reserves to a record 19.5%, adding to an increasingly aggressive effort by Beijing to stamp out stubbornly high inflation. The move by the People’s Bank of China followed an acceleration in inflation to 4.9% in the year to January, which was accompanied by worrying signs that price pressures were spreading beyond food to property and consumer goods. – Reuters
Risk Our Money Not Yours | Get 50% Off Any Account
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply