China's central bank made a 'timely' move by pumping liquidity into the banking system to respond to rising pressures in the domestic banking industry and growing risks abroad, a state-owned Chinese newspaper said on Saturday.
Headquarters of the People's Bank of China , the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo
The central bank on Friday reduced the amount of cash banks must hold as reserves for the first time this year to support a nascent recovery in the world's second-biggest economy. The cut in theThe Economic Daily said in a front-page article that the move by the People's Bank of China will ease tension after demand for funds had increased significantly amid the economic recovery. The early release of liquidity will also help prepare for the next stage of demand expansion, it said.
"With the domestic banking industry's debt repayment costs under pressure and the net interest margin continuing to narrow to historical lows, the central bank made a timely move to lower the reserve requirement ratio to release long-term liquidity to the financial system," it said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China disputes Japan's territorial claims over disputed waters in East China SeaChina's foreign ministry on Thursday countered Japan's territorial claims over disputed waters in the East China Sea, calling the move a 'grave violation' of Chinese sovereignty.
Leer más »
Sunshine and warming temps through SaturdayIt's been a long wait, but a ridge of high pressure building over the Northwest will finally push Western Washington into the 60s late this week with lots of sunshine. FOX13
Leer más »
Ashford’s 6th annual Spring Fling takes place SaturdayAs flowers bloom and the temperatures begin to rise, Ashford is getting ready for the season change.
Leer más »
There will be three broadcasts of Saturday’s Union game at CF MontréalYes, they'll all be behind Apple's paywall. But if you've ever wanted to try listening to a Union game in another language, Saturday's game at CF Montréal is a good time to check out that option.
Leer más »
Yosemite National Park to partially reopen SaturdayAfter closures due to heavy snowfall, Yosemite National Park will be partially restoring public access starting Saturday.
Leer más »