UPDATE 3-China cuts banks’ reserve ratios, frees up $126 bln for loans 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 900 billion
yuan ($126.35 billion) in liquidity to shore up the flagging
economy.
Friday it was cutting the amount of cash that banks must hold as
reserves for the third time this year, releasing 900 billion
yuan ($126.35 billion) in liquidity to shore up the flagging
economy.
Posted by Reuters
