A South Africa ETF Jumps as Political Instability Continues etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
China s RRReminder that economies remain fragile
By Marc Jones and Tom Arnold
Reuters
LONDON (Reuters) -China s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given investors a reminder that even the largest economies are likely to need the occasional pick-me-up while the coronavirus pandemic lasts.
In one of its trademark Friday night moves, the People s Bank of China (PBOC) cut its reserve requirement ratio (RRR) - the money banks have to park at the central bank for safety - by 50 basis points (bps).
It is the first such step since April last year when COVID was rapidly spreading around the world. Just as significantly, it ends nine months of gradual policy tightening by authorities eager to prevent credit growth getting out of control.
China s RRReminder that economies remain fragile
07/11/2021 | 12:02am EDT
Send by mail :
Message :
Required fields
LONDON (Reuters) -China s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given investors a reminder that even the largest economies are likely to need the occasional pick-me-up while the coronavirus pandemic lasts.
In one of its trademark Friday night moves, the People s Bank of China (PBOC) cut its reserve requirement ratio (RRR) - the money banks have to park at the central bank for safety - by 50 basis points (bps).
It is the first such step since April last year when COVID was rapidly spreading around the world. Just as significantly, it ends nine months of gradual policy tightening by authorities eager to prevent credit growth getting out of control.
China’s RR reminds Reuters that the economy remains weak
By Marc Jones and Tom Arnold
LONDON (Reuters) -China’s decision on Friday reminded investors of the decision to give its economy 1 trillion yuan ($ 154 billion) while even the largest economies are likely to pick up occasionally during the coronavirus pandemic. lasts.
In one of the Friday night marks, the People’s Bank of China (PBOC) reduced its reserve requirements ratio (RRR) (money banks have to park in the central bank for security) by 50 percentage points (bps).
This is the first such step since COVID spread rapidly around the world in April last year. Significantly, the authorities, who are eager to keep credit growth out of control, are gradually ending up tightening their nine-month policy.
Analysis: China s RRReminder that economies remain fragile
07/09/2021 | 01:44pm EDT
Send by mail :
Message :
Required fields
LONDON (Reuters) - China s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given investors a reminder that even the largest economies are likely to the need the occasional pick-me-up while the coronavirus pandemic lasts.
In one of its trademark Friday night moves, the People s Bank of China (PBOC) cut its reserve requirement ratio (RRR) - the money banks have to park at the central bank for safety - by 50 basis points (bps).
It is the first such step since April last year when COVID was rapidly spreading around the world. Just as significantly, it ends nine months of gradual policy tightening by authorities eager to prevent credit growth getting out of control.