China cut reserve requirements for banks for the 4th time this year
China's central bank said on Sunday it would cut the amount of cash that commercial banks must hold as reserve to lower financing costs and spur growth in the world's second-biggest economy. The reserve cut, the fourth by the People's Bank of China (PBOC) this year, came after Beijing pledged to invest billions of dollars in infrastructure projects as the economy shows signs of cooling further, with investment growth slowing to a record low.
The RRR cut, effective from 15th October, will . . .
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