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BEIJING - China is prepared to further increase interest rates and banks' required reserve ratios (RRR) in 2011, Reuters reproted Tuesday, citing a report published by government think-tank.
According to a report by the State Information Centre under the National Development and Reform Commission, China is likely to increase the bank deposit reserve ratio to 23 percent from the current 19.5 percent.
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As part of the country's monetary policy toolbox, the People's Bank of China is also expected to permit the yuan to rise further, it added.
The central bank raised interest rates on Feb 8, the second time in about six weeks, the report said.
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