China’s central bank has unveiled a host of targeted measures to help its coronavirus-hit economy. Photo: Reuters China’s central bank has unveiled a host of targeted measures to help its coronavirus-hit economy. Photo: Reuters
China’s central bank has unveiled a host of targeted measures to help its coronavirus-hit economy. Photo: Reuters

Coronavirus: China central bank to free up US$57 billion for small lenders in latest effort to help economy

  • The People’s Bank of China set to cut the required reserve ratio for rural and regional banks to free up 400 billion yuan (US$57 billion)
  • But the central bank still in no hurry to cut benchmark deposit rate, which would affect hundreds of million Chinese deposit holders

Topic |   Central Banks
China’s central bank has unveiled a host of targeted measures to help its coronavirus-hit economy. Photo: Reuters China’s central bank has unveiled a host of targeted measures to help its coronavirus-hit economy. Photo: Reuters
China’s central bank has unveiled a host of targeted measures to help its coronavirus-hit economy. Photo: Reuters
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