{"id":19317,"date":"2023-09-14T12:01:58","date_gmt":"2023-09-14T12:01:58","guid":{"rendered":"https:\/\/microloannexus.com\/news\/china-cuts-banks-reserve-ratio-to-aid-recovery\/"},"modified":"2023-09-14T12:02:00","modified_gmt":"2023-09-14T12:02:00","slug":"china-cuts-banks-reserve-ratio-to-aid-recovery","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=19317","title":{"rendered":"China cuts banks&#8217; reserve ratio to aid recovery"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p>China&#8217;s central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second time this year to help keep liquidity ample and support a nascent economic recovery.<\/p>\n<p>The People&#8217;s Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio, by 25 basis points from Sept. 15.<\/p>\n<p>The move came after the world&#8217;s second-biggest economy has struggled after its post-pandemic recovery faltered.<\/p>\n<p>To support the economy, the government has rolled out a series of policy measures in recent months, including steps to spur housing demand.<\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/09\/14\/china-central-bank-to-cut-banks-reserve-requirement-ratio-by-25-basis-points.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second time this year to help keep liquidity ample and support a nascent economic recovery. The People&#8217;s Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except<\/p>\n","protected":false},"author":1,"featured_media":19318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-19317","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China cuts banks&#039; reserve ratio to aid recovery | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"China&#039;s central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second time this year to help keep\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=19317\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China cuts banks&#039; 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