Monday, February 29, 2016

Guest Post: China Continues to Slash and Burn

China Cuts Key Rate For Fifth Time In A Year

In a move aimed at addressing liquidity concerns in the country, China’s central bank announced Monday it will lower the amount of deposits banks need to hold in reserve by 0.5 percentage points. The move, which comes into effect Tuesday, marks the fifth time the People's Bank of China (PBoC) has reduced the ratio in the…