china cuts bank reserve requirements for economic boost
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

China cuts bank reserve requirements for economic boost

Arab Today, arab today

Arab Today, arab today China cuts bank reserve requirements for economic boost

Shanghai economy
Shanghai - Arab Today

China's central bank on Monday cut the proportion of funds banks must set aside as reserves, according to a statement, in the latest attempt to keep growth on track in the world's second largest economy.

The People's Bank of China, the central bank, said it would trim the so-called "reserve requirement ratio" by 0.50 percentage points.

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