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[], "text": "China's central bank said Wednesday it was cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to shore up the slowing economy.\n\n\n\nThe People's Bank of China(PBOC) said on its website it will cut banks' reserve requirement ratio (RRR) by 50 basis points, effective Jan. 6 . The move would bring the level for big banks down to 12.5%.\n\n\n\nThe PBOC has now cut RRR eight times since early 2018 to free up more funds for banks to lend as economic growth slows to the weakest pace in nearly 30 years.\n\n\n\nOf the latest funds released, small and medium banks would receive roughly 120 billion yuan, the central bank said, stressing that it should be used to fund small, local businesses.\n\n...", "keywords": [], "meta_keywords": ["China's central bank", "small and medium banks", "Bank of Communications", "Minsheng Bank", "Bank of China", "Nomura", "modest cuts", "smaller companies", "slowing economy", "lower corporate financing costs", "financing", "China's financial system", "commercial banks", "latest funds", "China", "rate loans", "annual funding costs", "small", "local businesses", ""], "tags": [], "authors": [], "publish_date": "Wed Jan 1 00:00:00 2020", "summary": "", "article_html": "", "meta_description": "", "meta_lang": "", "meta_favicon": "http://www.dailystar.com.lb/images/favico.ico", "meta_data": {"apple-itunes-app": "app-id=570191915", "msApplication-ID": "c51a522f-0133-4730-9bda-9be9c3949100", "msApplication-PackageFamilyName": "WEBMIDDLEEASTWEBMESAL.TheDailyStar-Lebanon_nwr1v0qtt1mvw", "google-play-app": "app-id=mobi.foo.thedailystar", "viewport": "width=device-width, initial-scale=1", "fb": {"admins": 513972620}, "og": {"type": "article", "title": "China cuts banks' reserve ratios again, frees up $115 bln to spur economy", "url": "http://www.dailystar.com.lb//Business/International/2020/Jan-01/498347-china-cuts-banks-reserve-ratios-again-frees-up-115-bln-to-spur-economy.ashx", "image": "http://www.dailystar.com.lb//dailystar/Pictures/2020/01/01/795712_img650x420_img650x420_crop.jpg", "description": "China's central bank said Wednesday it was cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to shore up the slowing economy.", "site_name": "The Daily Star Newspaper - Lebanon"}, "keywords": "China's central bank, small and medium banks, Bank of Communications, Minsheng Bank, Bank of China, Nomura, modest cuts, smaller companies, slowing economy, lower corporate financing costs, financing, China's financial system, commercial banks, latest funds, China, rate loans, annual funding costs, small , local businesses,", "news_keywords": "China's central bank, small and medium banks, Bank of Communications, Minsheng Bank, Bank of China, Nomura, modest cuts, smaller companies, slowing economy, lower corporate financing costs, financing, China's financial system, commercial banks, latest funds, China, rate loans, annual funding costs, small , local businesses,", "twitter": {"card": "summary_large_image", "site": "@DailyStarLeb"}, "article": {"published_time": "2020-01-01T12:29:00TZD"}, "Title": "China cuts banks' reserve ratios again, frees up $115 bln to spur economy", "Description": "China's central bank said Wednesday it was cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to shore up the slowing economy."}, "canonical_link": "http://www.dailystar.com.lb//Business/International/2020/Jan-01/498347-china-cuts-banks-reserve-ratios-again-frees-up-115-bln-to-spur-economy.ashx"} |
