Comment on China's Central Bank to cut bank reserve requirement

China's Central Bank to cut bank reserve requirement

BEIJING (AP) — China's Central Bank said Sunday that it will cut its bank reserve requirement ratio by 1 percentage point to stimulate more lending into a slowing economy. The Central Bank also said it will cut an extra 1 percentage point for commercial banks providing agricultural financing and an extra 2 percentage points for the Agricultural Development Bank of China.

 

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