bank lending

bank lending

90 seconds @ 9am : Major market volatility

4d ago
SOURCE  

Description

Global markets are bouncing around, as China’s central bank has cut interest rates after another dive in Chinese markets. The People's Bank of China has cut its benchmark bank lending and deposit rates by 25 basis points. It’s also reduced bank reserve requirements by 50 basis points, essentially pumping about US$106 billion into the Chinese economy. Read the full story here : http://www.interest.co.nz/news/77270/chinese-stocks-plunge-pbof-cuts-rates-us-markets-fail-rebound-nzs-twi-hits-low-ust-10yr