China s central bank plans to guide money into key sectors to boost the economy, following an unexpected reserve requirement ratio cut. The bank is expected to steer credit into select areas, reduce cash reserves for banks, and implement modest policy-rate cuts.
China s central bank said it will cut the amount of cash that banks must hold as reserves, its first such move this year as regulators scrambled to respond to the stock-market selloff. The. -January 24, 2024 at 04:22 am EST
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