China signals bank reserve cut to boost economy
14 September 2019 |
7:27 am
China’s cabinet signaled that a reduction in the amount of funds banks have to hold in reserve is on the way, in a move aimed at releasing cash into the slowing economy. The State Council called for the “timely” use of tools including broad and targeted reserve-ratio cuts to support the economy, according to a statement following a meeting chaired by Premier Li Keqiang. Bloomberg's Selina Wang explains on "Bloomberg Daybreak: Asia."
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