You are here

China in stimulus mode cuts bank reserve ratio again

Reduction is much bigger than expected and will also add fuel to the red hot stock market, says an economist


CHINA cut the amount of cash the country's lenders must set aside as reserves by the most since the global financial crisis just days after a report showed the slowest economic growth in six years.

The reserve-requirement ratio will be reduced by 1 percentage point...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to