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The PBOC also raised reserve requirements on banks six times in 2010, obliging them to set aside 18.5% of their deposits, a record ratio.
ECONOMIST: Price rises in China
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To take effect from 29 November, it will be a record high for the reserve ratio, and the ninth rise this year.
BBC: RELATED BBC SITES
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It also set off a decadelong decline in reserves, which left banks with a record low reserve-to-loan ratio of 1.21% at the end of 2006--just in time for the housing bust to hit.
FORBES
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America's ratio of house prices to rents is at a record high, 26% above its average over the 25 years to 2000 (see chart).
ECONOMIST: Global house prices
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America's property market certainly looks pricey: the ratio of house prices to incomes is currently at a record high, and about a fifth above its 30-year average.
ECONOMIST: The American economy
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After recovering from a record low of negative 86% in December 2008, meaning that 86% of estimate changes were downgrades, the ratio hit a high of 25% in May but began to moderate in June to 22%.
FORBES: Stocks Are Cheap Enough To Absorb Earnings Downgrades