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China’s central bank said on Monday it would cut the amount of cash that banks must hold as reserves, its second such move this year, releasing 1.2 trillion yuan ($188.24 billion) in long-term liquidity to bolster slowing economic growth.
China’s central bank said on Monday it would cut the amount of cash that banks must hold in reserve, its second such move this year, releasing 1.2 trillion yuan ($188 billion) in long-term liquidity to bolster slowing economic growth. The People’s Bank of China (PBOC) said on its website it would cut the reserve requirement ...
China’s central bank said yesterday it would cut the amount of cash that banks must hold as reserves, its second such move this year, releasing 1.2 trillion yuan (US$188.24 billion) in long-term liquidity
China's central bank said on Monday it would cut the amount of cash that banks must hold in reserve, its second such move this year, releasing 1.2 trillion yuan ($188 billion) in long-term liquidity to bolster slowing economic growth.
The People's Bank of China says it will guide financial institutions to actively use the released funds to step up support for the real economy, especially small firms