The cuts will release 900 billion yuan ($126 billion) of liquidity, the PBOC said, helping to offset the tightening impact of upcoming tax payments. REUTERS
The cuts will release 900 billion yuan ($126 billion) of liquidity, the PBOC said, helping to offset the tightening impact of upcoming tax payments. REUTERS

Banking

China cuts reserve ratio as it boosts stimulus amid trade woes

The required reserve ratio for all banks will be lowered by 0.5 percentage points, taking effect on September 16

Bloomberg

September 06, 2019