China announces reserve requirement ratio cut

BEJING, Nov. 25– China’s central bank said Friday that it has decided to cut the reserve requirement ratio for eligible financial institutions by 0.25 percentage points to keep liquidity reasonable and ample and lower comprehensive financing costs.

BEJING, Nov. 25 (Xinhua) — China’s central bank said Friday that it has decided to cut the reserve requirement ratio for eligible financial institutions by 0.25 percentage points to keep liquidity reasonable and ample and lower comprehensive financing costs. Enditem