The People’s Bank of China has announced it will reduce the amount of money banks have to hold in reserve to free up funds for loans to small and micro companies. Photo: Bloomberg

China cuts deposit reserve rate for first time in 26 months to unleash cash

Reserve requirement ratio will be cut by one percentage point from April 25, People’s Bank of China says

Topic |   People’s Bank of China

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The People’s Bank of China has announced it will reduce the amount of money banks have to hold in reserve to free up funds for loans to small and micro companies. Photo: Bloomberg
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