The People’s Bank of China (PBOC) announced a cut of the Chinese bank reserve ratio for the third time this year in an effort to ease tight capital conditions, but analysts say the move will only have a limited impact and expects more credit easing in the coming months. On Sunday, China’s central bank said on its website that it would cut the amount of cash that banks must hold as reserves by 0.5 percentage point, releasing about RMB700 billion (US$107 billion) …

Analysts Say China’s Reserve Ratio Cut Has Limited Impact On SME Financing appeared first on China Money Network.