China cuts reserve ratios for some banks to spur lending amid epidemic
China’s central bank said on
Friday it was cutting the amount of cash that some qualifying
banks must hold as reserves for the second time this year,
releasing 550 billion yuan ($79 billion) in liquidity to support
the economy, which has been jolted by a coronavirus outbreak.
Friday it was cutting the amount of cash that some qualifying
banks must hold as reserves for the second time this year,
releasing 550 billion yuan ($79 billion) in liquidity to support
the economy, which has been jolted by a coronavirus outbreak.
Posted by Reuters
