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Seven Days: 12 October 2018

Seven Days: 12 October 2018

China’s bank injects cash

Releasing $109bn

China’s central bank – The People’s Bank of China – has cut the reserve requirement ratios for most of the nation’s commercial banks by one percentage point, effective 15 October. In so doing, it will release RMB 750bn ($109bn) of cash into the banking system. This marks the fourth time that the bank has cut this ratio this year, in an effort to shore up the economy. The move comes against a backdrop of ongoing trade disputes between China and the US, with each announcing new tariffs on imports from the other.

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