(ECNS)-- The People's Bank of China, the country's central bank, will lower the reserve requirement ratio by 0.5 percentage points, effective on Feb. 5, Pan Gongsheng, its governor, said at a press conference on Wednesday.
It will provide the market with approximately 1 trillion yuan in long-term liquidity, Pan added.
Related articles：
Related suggestion：
Three Homes Rayner? Would Labour's Deputy Leader inherit the perk of 18thChina's NCPA to host Festival Waltz concertYouTuber shares how she makes a fortune filling out disability applications for £650 a popHouse Speaker Mike Johnson says he will push for aid to Israel and Ukraine this weekFeature: Students in Myanmar studying Chinese celebrate Spring FestivalYoung Chinese vlogger strengthens ChinaFeature: Students in Myanmar studying Chinese celebrate Spring FestivalPeople across China enjoy festive events to celebrate Chinese Lunar New YearVladimir Putin's chilling new warning to the West as Russian despot tests an experimental nuclearPaolo Banchero scores 26 as Magic clinch playoff spot with 113
1.7196s , 6413.9921875 kb
Copyright © 2024 Powered by China's central bank to cut RRR by 0.5 percentage points ,Global Genesis news portal