The People’s Bank of China will reduce the required reserve ratio by one percentage point this month so that banks have sufficient funds to lend. Photo: AFP
China prepares for testing 2019 by freeing up US$210 billion in latest move to boost ailing economy
- People’s Bank of China to cut required reserve ratio by one percentage point in January
- Move came hours after Chinese Premier Li Keqian told the central bank to do more to help the growth of the world’s second largest economy
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The People’s Bank of China will reduce the required reserve ratio by one percentage point this month so that banks have sufficient funds to lend. Photo: AFP
