24 Jun RPT-UPDATE 3-As trade war looms, China cuts some banks’ reserve requirements to boost lending
BEIJING, June 24 (Reuters) – China’s central bank said on
Sunday it would cut the amount of cash that some banks must hold
as reserves by 50 basis points (bps), releasing $108 billion in
liquidity, to accelerate the pace of debt-for-equity swaps and
spur lending to smaller firms.
Sunday it would cut the amount of cash that some banks must hold
as reserves by 50 basis points (bps), releasing $108 billion in
liquidity, to accelerate the pace of debt-for-equity swaps and
spur lending to smaller firms.
Sorry, the comment form is closed at this time.