BEIJING (Reuters) - China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.

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Topics:  beijing reuters     china   big   cut   bank   reserve   
BING NEWS:
  • Big four banks warn first rate cut won't come until November, as 'incredibly strong' migration makes the RBA's task 'more difficult'
    Surprisingly strong inflation, but exceptionally weak retail spending, has major bank economists predicting the Reserve Bank won't cut interest rates until November.
    04/30/2024 - 7:55 am | View Link
  • Central Banks Will Probably Cut Only Half as Much as They Hiked
    After a combined 1,475 bps in increases, the U.S. Fed, ECB, and BOE are expected to reduce rates by only 575 bps by the end of next year.
    04/29/2024 - 12:19 pm | View Link
  • SNB raises minimum reserve requirement for banks, reducing interest costs
    ZURICH, April 22 (Reuters) - The Swiss National Bank (SNB) is raising the minimum reserve requirement for domestic banks, it said on Monday, potentially saving it hundreds of millions of Swiss francs ...
    04/21/2024 - 1:00 pm | View Link
  • Cuts in bank reserves unlikely soon – BSP
    The Bangko Sentral ng Pilipinas (BSP) is unlikely to cut banks’ reserve requirement ratio (RRR) in the third quarter, amid expectations of policy rate cuts in the second half of the year. “We want to ...
    04/10/2024 - 5:00 am | View Link
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