China tries again to battle inflation as the Chinese central bank raised their bank reserve requirement ratio ( RRR ) by 0.50% to 19.5%. In fact global commodity markets are only showing a modest reaction to the China move and sold off a little do to the surprise aspect. From the No Kidding department, DOW Jones reports that IEA head Nobuo Tanaka said that the global economy would suffer from sustained oil prices of $100 a barrel.