The PBOC raises banks' reserve ratio to 19.5% from 19%. It's the latest baby step at trying to...

|By:, SA News Editor

The PBOC raises banks' reserve ratio to 19.5% from 19%. It's the latest baby step at trying to rein in galloping inflation and lending. "China has a profound liquidity and inflation problem that is ... getting further ahead of policy makers," says an economist. China -0.9%.