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The People’s Bank of China reduced the reserve requirement ratio for almost all banks by 0.25 percentage points, effective from March 27, it said in a statement on Friday.
China’s central bank has made a surprise cut to the amount of money that banks must keep in reserve, in an effort to keep money flowing through the financial system and prop up the economy.
China’s central bank has asked European financial institutions for advice on dealing with the effects of low interest rates, ...
The central bank said Friday it would cut its reserve requirement ratio by 1 percentage point over the next month. The reductions will be made in two stages on January 15 and January 25.
Move by People’s Bank of China comes as world’s second-largest economy has been struggling to bounce back this year; Reserve requirement ratio will be cut by 0.25 percentage points on Friday ...
The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing. By Keith Bradsher Reporting from Beijing ...
LONDON (Reuters) – China has cut the reserve requirement ratio (RRR) for all banks by 50 bps, releasing around 1 trillion yuan ($154 billion) in long-term liquidity to underpin a post-COVID ...
China’s central bank said it will lower its reserve-requirement ratio for banks by 0.5 percentage point, effective Thursday, a major step to boost bank lending.
The People's Bank of China cut its reserve requirement ratio by 100 basis points Friday to 14.5%, freeing up a net 800 billion yuan of liquidity.
China’s central bank has made a surprise cut to the amount of money that banks must keep in reserve, in an effort to keep money flowing through the financial system and prop up the economy.. The ...
China's central bank reduced the share of deposits that banks have available to lend, a surprise move that marks the clearest sign yet that officials are concerned about the dangers that inflation ...
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