China will cut banks’ re­serve ra­tio

The Times of India (New Delhi edition) - - Times Business -

China’s cen­tral bank said it will cut the amount of cash lenders must hold as re­serves to the low­est level since 2007, in­ject­ing liq­uid­ity into an econ­omy fac­ing both a do­mes­tic slow­down and trade-war head­winds.

The re­quired re­serve ra­tio for all banks will be low­ered by 0.5 per­cent­age points, tak­ing ef­fect on Septem­ber 16, the Peo­ple’s Bank of China (PBOC) said on its web­site on Fri­day. The re­duc­tion will re­lease 900 bil­lion yuan ($126 bil­lion) of liq­uid­ity, the PBOC said.

The

Writer, Pre­sen­ta­tion

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