China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
China Cuts Bank Reserve Requirement Ratio Amid Capital Outflows
Aggregated Source: China Money Network
China‚Äôs central bank announced this evening that it will cut the reserve requirement ratio (RRR) by 50 basis points, effective tomorrow on 1 March 2016. The RRR cut came amid the recent capital outflow and soft economy, and will immediately inject about RMB650 billion (US$99 billion)into the banking system, alleviating the liquidity drain, says a […]


Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Original URL: Click here to visit original article
Copyright China Money Network