China to lift cash injection by $37 billion for reserve assessment changes

[McFurd]

Yahoo Finance - 1/25/2019 - Reuters - China's central bank said on Friday it will release about 250 billion yuan ($37 billion) in additional cash to banks, due to changes in assessments for banks' targeted reserve requirement ratio (RRR) reductions announced in 2018. On Jan. 4, the central bank announced a cut in the amount of cash that banks have to hold as reserves this year. This is freeing up around 800 billion yuan in net liquidity as the People's Bank of China tries to reduce the risk of a sharp economic slowdown. Read more @ https://finance.yahoo.com/news/china-li ... ector.html