The People’s Bank of China (PBoC) has decided to cut banks' reserve requirement ratio (RRR) by 50 basis points, effective today. The move is necessary to arrest further economic slowdown, and it is just the beginning of a series of monetary easing actions down the road, says a research report by Nomura. The reports says […]
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.
Visit the original source and full text: China Money Network
Any news and links syndicated from other sources are copyright those respective websites and/or publications. We post brief synopsis and links per what the respective websites' RSS feeds provide.