REFILE-Hong Kong c.bank cuts banks’ capital buffer to support economy as protests escalate
The Hong Kong Monetary
Authority (HKMA) has cut the amount of cash that banks must keep
as reserves, releasing an extra HK$200-300 billion ($25.50-38.24
billion) into the broader economy which has been hit by
months-long protests and the Sino-U.S. trade war.
Authority (HKMA) has cut the amount of cash that banks must keep
as reserves, releasing an extra HK$200-300 billion ($25.50-38.24
billion) into the broader economy which has been hit by
months-long protests and the Sino-U.S. trade war.
Posted by Reuters
