By South China Morning Post | Created at 2024-10-18 02:55:06 | Updated at 2024-10-18 05:16:23
2 hours ago
People’s Bank of China governor Pan Gongsheng said on Friday that China’s central bank would consider further cutting commercial bank’s reserve requirement ratio in the fourth quarter to help shore up the economy.
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The PBOC plans to lower the ratio by between a quarter and half a percentage point according to the liquidity situation, Pan told the Financial Street Forum in Beijing.
More to follow …
