BEIJING, Jan. 13 (Xinhua) -- The People's Bank of China (PBOC),the central bank, announced on Tuesday to raise the deposit reserve requirement ratio by 0.5 percentage points from Jan. 18 this year.
The ratio would not change for small financial institutions such as the rural credit cooperatives .
It is the first increase to the ratio since June of 2008. Since2008, China reduced the deposit reserve ratio four times, and raised the ratio six times:
The PBOC cut the reserve requirement ratio for both large and small financial institutions by 0.5 percentage points on Dec. 25, 2008. This brought the ratio for large financial institutions to 15.5 percent, and 13.5 percent for small ones.
The PBOC cut the reserve requirement ratio for large financial institutions by one percentage point, and 2 percentage points for small ones, on Dec. 5, 2008. This brought the ratio for large financial institutions to 16 percent, and 14 percent for small ones.
The PBOC cut the reserve requirement ratio for both large and small financial institutions by 0.5 percentage points on Oct. 15, 2008. After the adjustment, the ratio for large and small financial institutions was 17 percent and 16 percent, respectively.
The PBOC cut the reserve requirement ratio for small financial institutions by one percentage point on Sept. 25, 2008, while the ratio for large financial institutions remained unchanged. After the adjustment, the ratio for small financial institutions was 16.5 percent.
The PBOC raised the reserve requirement ratio by one percentage point on June 7, 2008. This brought the ratio to 17.5 percent.
The PBOC raised the reserve requirement ratio by 0.5 percentage points on May 20, 2008. This brought the ratio to 16.5 percent.
The PBOC raised the reserve requirement ratio by 0.5 percentage points on April 25, 2008. This brought the ratio to 16 percent.
The PBOC raised the reserve requirement ratio by 0.5 percentage points on March 18, 2008. This brought the ratio to 15.5 percent.
The PBOC raised the reserve requirement ratio by 0.5 percentage points on Jan. 25, 2008. This brought the ratio to 15 percent.
