(ECNS)-- The People's Bank of China, the country's central bank, will lower the reserve requirement ratio by 0.5 percentage points, effective on Feb. 5, Pan Gongsheng, its governor, said at a press conference on Wednesday.
It will provide the market with approximately 1 trillion yuan in long-term liquidity, Pan added.
Related articles:
Related suggestion:
Rockies rally for 2 runs in 10th to beat Mariners 2Mideast countries disappointed by U.S. veto on Palestinian bid for full UN membershipChina's civil aviation sector posts record Q1 numbersAustralian woman appears in court charged with poisoning husband and his relatives with mushroomsStock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchangedThe LatestJapan helicopter crash: Flight data show no sign of mechanical failureGiant panda parents, cubs back in China from SpainMaldives election: Voting begins in parliamentary pollsGlimpses of Beijing through windows and doorways
2.7608s , 6572.1875 kb
Copyright © 2024 Powered by China's central bank to cut RRR by 0.5 percentage points ,Culture Craft news portal