Today news
About the same in other media
China cuts banks' reserve ratio to aid recovery
Reading now: 310
The People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio, by 25 basis points from Sept.
15.
The move came after the world's second-biggest economy has struggled after its post-pandemic recovery faltered.
To support the economy, the government has rolled out a series of policy measures in recent months, including steps to spur housing demand.
About this in other media
For Starbucks, China headwinds 'likely to get stronger': 5 big analyst cuts investing.com /1 year ago
China central bank, FX regulator meet foreign firms in capital drive investing.com /1 year ago
Oil prices rise to 10 month-high on China reserve ratio cut economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
