CORRECTED-China slashes reserve requirements for small banks to support virus-hit economy
China’s central bank said on
Friday it was cutting the amount of cash that mid-sized and
small banks must hold as reserves, releasing around 400 billion
yuan ($56.38 billion) in liquidity to shore up the economy,
which has been badly jolted by the coronavirus crisis.
Friday it was cutting the amount of cash that mid-sized and
small banks must hold as reserves, releasing around 400 billion
yuan ($56.38 billion) in liquidity to shore up the economy,
which has been badly jolted by the coronavirus crisis.
Posted by Reuters
