China slashes banks’ reserve ratios to boost lending as economy slows
China’s central bank said on
Friday it was cutting the amount of cash that banks must hold as
reserves for the third time this year, releasing a total of 900
billion yuan ($126.35 billion) in liquidity to shore up the
slowing economy.
Friday it was cutting the amount of cash that banks must hold as
reserves for the third time this year, releasing a total of 900
billion yuan ($126.35 billion) in liquidity to shore up the
slowing economy.
Posted by Reuters
