business

China's monetary policy may not alter inflation: Newedge

On the back of the rising concerns on food inflation, the Chinese government has hiked the Reserve Requirement Ratio (RRR) for banks by 50 bps as a part of its freshly updated monetary policy. CNBC-TV18's Sonia Shenoy talks to Kirby Daley from Newedge Group to get a clearer perspective on the consequence of the newly declared RRR hike.

first published: Feb 18, 2011 08:00 pm