Page 13 - Manik Narain News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Analysis: China s RRReminder that economies remain fragile Reuters | Jul 10, 2021 12:11 AM EDT Headquarters of the People s Bank of China (PBOC), the central bank, is pictured in Beijing, (Photo : REUTERS/Jason Lee/File Photo) 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).

Manik narainGustavo medeirosPeople bankMorgan stanleyHeadquarters of the people bankAshmore groupFile photoMedium term lending facilityமணிக் நரேன்குஸ்டாவோ மேதேரோஸ்மக்கள் வங்கிமோர்கன் ஸ்டான்லிதலைமையகம் ஆஃப் தி மக்கள் வங்கிஆஷ்மோர் குழுகோப்பு புகைப்படம்