The People's Bank of China, the country's central bank, announced on Tuesday that it will soon reduce the bank reserve requirement ratio by 0.5 percentage points, injecting around 1 trillion yuan ($141.81 billion) in long-term liquidity into the financial markets.

The Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy, mainly by tackling a downturn in the property sector.People’s Bank of China Gov. Pan Gongsheng said the reserve requirement for banks would be cut by 0.

The Bangko Sentral ng Pilipinas (BSP) has announced a supersized reduction to the cash requirements of banks, a move that would inject more funds to the financial system at a time borrowing costs are