health

China's central bank to cut RRR by 0.5 percentage points

Font size+Author:Global Grooves news portalSource:entertainment2024-05-29 07:50:18I want to comment(0)

(ECNS)-- The People's Bank of China, the country's central bank, will lower the reserve requirement

(ECNS)-- The People's Bank of China, the country's central bank, will lower the reserve requirement ratio by 0.5 percentage points, effective on Feb. 5, Pan Gongsheng, its governor, said at a press conference on Wednesday. 

It will provide the market with approximately 1 trillion yuan in long-term liquidity, Pan added.

 

Related articles
  • Longtime umpire Ángel Hernández retires. He unsuccessfully sued MLB for racial discrimination

    Longtime umpire Ángel Hernández retires. He unsuccessfully sued MLB for racial discrimination

    2024-05-29 07:41

  • Antiques Roadshow guest shocked at stunning five

    Antiques Roadshow guest shocked at stunning five

    2024-05-29 07:36

  • China, U.S. make preparations to send a pair of giant pandas to San Francisco Zoo in 2025

    China, U.S. make preparations to send a pair of giant pandas to San Francisco Zoo in 2025

    2024-05-29 06:25

  • Takeaways from the opening statements in Trump's hush money trial

    Takeaways from the opening statements in Trump's hush money trial

    2024-05-29 06:06

Netizen comments