Tag: Bank reserve ratio

central bank economic slowdown inflation interest rate monetary policy overheated market

Loosening of Chinese Monetary Policy Coincides with More Wall Street Troubles

Xinhua reports on changes in China’s monetary policy announced over the weekend, coinciding with news of bankruptcy filings by Lehman Brothers and the sale of Merrill Lynch, both New York based investment banks: China’s central bank said on Monday it would reduce the benchmark loan interest rate and the reserve requirement ratio for commercial banks to ensure a steady and rapid econom