-
China Cuts Bank Reserve Reqs; Exports ’Grim’
China cut the amount of cash that banks must set aside as reserves for the second time in three months to spur lending as Europe’s debt crisis and a cooling property market threaten economic growth. Reserve ratios will fall 50 basis points, effective Feb. 24, the People’s Bank of China said on its website yesterday evening. The level for the nation’s largest lenders will decline to 20.5 percent, based on previous statements. China follows Japan in expanding monetary easing even as global equity markets are buoyed by signs of strength in the U.S. economy and optimism that Europe’s fiscal crisis will be ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 18, 2012 1:42pm Feb 18, 2012 1:42pm
- Cbn
- | Joined May 2011 | Status: Publisher, Central Bank News | 18 Comments
- Comment #2
- Quote
- Feb 18, 2012 2:41pm Feb 18, 2012 2:41pm
- TraderUSA
- | Joined Aug 2011 | Status: Member | 809 Comments
- Comment #3
- Quote
- Feb 18, 2012 3:26pm Feb 18, 2012 3:26pm
- spekitox
- | Joined Sep 2008 | Status: Lucky Man | 715 Comments
forget about tomorrow, just steal away into the night