China’s Central Bank has cut interest rates to a record low and has lowered the reserve-requirement ratios (RRR) for some lenders as Beijing seeks to revive the country’s sluggish economy which is poised for the slowest economic growth in twenty-five years. The interest rate cut by China’s Central Bank, the People’s Bank of China (PBOC), is the fourth cut … Continue reading
China’s Central Bank, the People’s Bank of China (PBOC), on Sunday cut the amount of cash that banks must hold as reserves by the most since the global financial crisis just days after a government report showed that economic growth slowed to the lowest level in six years. The move by the PBOC was the second industry-wide cut … Continue reading