A majority of mainland bankers say that China’s central bank has gone too far in restricting credit, the South China Morning Post reported. According to a survey by the People’s Bank of China (PBOC), 66.1% of 2,900 surveyed bankers criticized China’s tight monetary policy, while only 31.2% said the policy was appropriate. In an attempt to fight growing inflationary pressures, the PBOC has raised banks’ reserve requirement ratios 15 times since last year, and commercial banks must now keep 17.5% of their deposits as reserves. Interest rates have been steady this year after six increases in 2007. The PBOC said bankers believe current interest rate levels to be appropriate, without providing details. While the results of the survey would pressure the PBOC to relax its policies, ongoing inflationary pressures would discourage the bank from taking any immediate action, the paper said.