China Signals Likely Reserve Requirement Cut to Aid Growth
(Bloomberg) — China signaled that more monetary policy stimulus — including a cut to the reserve requirement ratio — is on the table as it looks to boost lending and support the flagging economy.
Tools will be used “in a timely and appropriate manner” to maintain reasonably ample liquidity, the State Council said Wednesday, according to broadcaster CCTV. The People’s Bank of China usually cuts the amount of cash banks have to keep in reserve within days of such statements by the cabinet.
- MOST POPULAR