99
views
views
China's central bank said Thursday it would cut a benchmark rate for the amount of cash banks must hold in reserve to "consolidate
China’s central bank said Thursday it would cut a benchmark rate for the amount of cash banks must hold in reserve to “consolidate the foundation of economic recovery”. The reserve requirement ratio would be slashed by 0.25 percent to around 7.4 percent from Friday, the People’s Bank of China said in a statement.
The post China central bank cuts benchmark rate to support economy appeared first on Insider Paper.
https://insiderpaper.com/china-central-bank-cuts-benchmark-rate-to-support-economy/
Comments
0 comment