THE decision of the Bangko Sentral ng Pilipinas (BSP) to reduce the reserve requirement ratio (RRR) of banks represents a billions-worth in liquidity...
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Maroc - FINANCIALMIRROR.COM - A La Une - 24/Sep 12:37
China’s new measures “not enough” to revive growth
The People’s Bank of China (PBoC) has taken significant steps to try and stabilise the economy, but not enough to hit this year’s annual growth target of about 5% and revive the world’s second-largest economy, according to the CEO of a leading financial advisory. The central bank cut both the reserve requirement ratio (RRR) by 50 basis points and a key policy interest rate by 0.2 percentage points to 1.5%, in a coordinated move not seen in over a decade. According to Reuters, this will free up about 1 trillion yuan ($142.21 bln) for new lending, while depending on market
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