The deputy governor of China's central bank said on Thursday there is ample monetary policy room to deliver further cuts to banks' reserve requirement ratio...
BEIJING - The deputy governor of China's central bank said on Thursday there is ample monetary policy room to deliver further cuts to banks' reserve requirement ratio , underlining market expectations for more easing measures to bolster the economy.
The PBOC announced a 50-basis points cut in RRR in January, the biggest in two years, and analysts believe at least one more reduction may be on the cards this year as policymakers try to put the economy on a more solid footing.The decline in deposit costs and the shift of monetary policies in major economies will help with China's interest rate policy operations, Xuan added.
But analysts have described the target as an ambitious one as a protracted crisis in the property sector, a key pillar of the economy, remains a major headwind for consumers and investors. Vladimir Putin overcame sanctions by selling oil to India and China and spending heavily on its military, but questions remain for Russia's economy.Trump Golf Club Settlement Hangs Alina Habba Out to Dry
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Our next, more complex, weather-maker arrives Thursday afternoonThe image above taken by Trude Roul in Lawn, NL Tonight&8217;s Forecast The weather across Newfoundland and Labrador tonight will be on the quiet side of the spectrum. On the Island, we can expect mostly clear skies and lows as low as -15 in Central.
Read more »
Quiet Wednesday ahead of a wintry mix Thursday into FridayThe weather across the Province overnight is going to be mostly clear and generally cold. Lows will be in the minus -8 to -14 range across the Island. Some low-lying areas will be colder. It will remain breezy, with gusts to 60 or 70 km/h at times.
Read more »
Thursday to see gusty winds and sharp temperature dropA large storm system that stretches from Labrador to Texas is driving an unseasonably warm weather pattern across the region today. Temperatures on our Wednesday climbed into the middle single digits for many areas of the Province from Labrador West to St. John&8217;s.
Read more »
Trudeau expected in Thunder Bay, Ont., for housing announcement ThursdayPrime Minister Justin Trudeau makes an announcement on housing in Membertou First Nation on Cape Breton Island, N.S., Thursday, Feb. 22, 2024.
Read more »
Thursday Bantering and GameThreadWe are at the end of Dry Feb. I may have a beer tomorrow. We raised just short of $500. Today, the Phillies are making the short drive from Clearwater to Dunedin. It would likely be a shorter...
Read more »
Winter storm arrives Thursday; brings significant snow and ice into SaturdayA major late season winter storm will bring snow and ice to much of the Island between Thursday and Saturday
Read more »