You are here

Beijing's reserve ratio cut to boost stocks, lending: analysts

BT_20150421_VMCUT21_1627610.jpg
The RRR reduction by the People’s Bank of of China was expected, but the extent of the cut – 100 basis points instead of the anticipated 50 points – was a surprise.

Beijing

CHINA'S central bank move to cut reserve ratios for banks are expected to boost stock markets further and lead to easier loans to companies, analysts said.

As of Monday morning all banks in China have to hold less cash aside as reserves as the government loosens its...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes