Stimulus. China’s central bank announced on Tuesday a new package of measures meant to stimulate the country’s economy. Central bank Gov. Pan Gongsheng said the bank would cut the reserve requirement ratio, the amount of cash banks need to hold on reserve, by 0.5 percentage points. It will also cut its benchmark seven-day interest rate […]
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Daily Memo: China’s Economy, Iran’s Stance on Ukraine
The Chinese central bank is trying to stem a downturn with a raft of new economic measures.
