Headline Details

China cuts bank reserve requirement to spur growth

Published on: Wed, 04 Feb 2015 12:25:10 UTC
News Agency: Reuters
Description:
BEIJING (Reuters) - China's central bank cut the amount of cash that banks must hold as reserves on Wednesday, the first industry-wide cut in more than 2-1/2 years, as it increased efforts to shore up flagging growth in the world's second-largest economy.

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