2022-11-25 09:48:48

China releasing US$70 billion to boost economy with cut to banks reserve ratio

Logo South China Morning Post
South China Morning Post
By Amanda Lee
  • Peoples Bank of China (PBOC) confirmed a 0.25 percentage point reduction to the amount of cash that banks must hold in reserve
  • Businesses and consumers confidence in China remains weak as coronavirus disruptions have worsened and export orders remain under pressure

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