China Cuts Key Rate, Frees Up Cash for Banks to Spur Growth

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China Cuts Key Rate, Frees Up Cash for Banks to Spur Growth

Bloomberg09-27

China cut the amount of cash banks must keep in reserve Friday, in a bid to free up money for financial institutions and bolster their efforts to boost the nation’s slowing economy.The People’s Bank ...

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Dr Rck
·09-27
Its ripple effect will be felt within this year enough to catapult growth for the world economy!
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That will allow banks to lend more and buy government bonds issued to fund infrastructure spending.</p><p style=\"text-align: start;\">The weighted average RRR will drop to around 6.6% after the cut, the PBOC said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Cuts Key Rate, Frees Up Cash for Banks to Spur Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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