UPDATE 2-China cuts medium-term borrowing costs to record low, steps up pandemic battle
China’s central bank on
Wednesday stepped up policy support for its embattled economy,
cutting a key rate to a record-low and reducing the amount banks
must hold as reserves by around $28 billion as the coronavirus
crisis slammed the brakes on growth.
Wednesday stepped up policy support for its embattled economy,
cutting a key rate to a record-low and reducing the amount banks
must hold as reserves by around $28 billion as the coronavirus
crisis slammed the brakes on growth.
Posted by Reuters
