• China frees up nearly US$70-billion for banks to underpin slowing economy

    4 days ago - By Up Worthy

    China said on Friday it would cut the amount of cash that banks must hold as reserves for the second time this year, releasing about 500 billion yuan in long-term liquidity to prop up a faltering economy hit by record COVID-19 cases. The People's Bank of China said it would... pboc cent ratio cut markwilliams policy longtermliquidity monetarypolicy yuan monetary
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