China lowers banks’ RRR to boost economy

Rebecca Feng

September 09, 2019 10:30 am

pboc 230px. — People walk past the China's central bank or People's Bank of China in Beijing Tuesday, Aug. 11, 2015. China devalued its tightly controlled currency on Tuesday following a slump in trade, triggering the yuan's biggest one-day decline in a decade. (AP Photo/Andy Wong) | Andy Wong/AP/Press Association Images

The People’s Bank of China (PBoC) is reducing the amount of money that banks need to hold as reserves, a long-overdue move that analysts said is just one of many more easing measures to be implemented in the country.

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Topics

Regulation China Regulation and Policy China Asia Regulation People and Markets Asia Greater China Northeast Asia China Asia Pacific EM People and Markets Emerging Markets China People and Markets

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Rebecca Feng