UPDATE 1-China cuts banks’ reserve ratios again, frees up $115 bln to spur economy
China’s central bank said on
Wednesday it was cutting the amount of cash that all banks must
hold as reserves, releasing around 800 billion yuan ($114.91
billion) in liquidity to shore up the slowing economy.
Wednesday it was cutting the amount of cash that all banks must
hold as reserves, releasing around 800 billion yuan ($114.91
billion) in liquidity to shore up the slowing economy.
Posted by Reuters
