In a follow-up to Governor Pan Gongsheng’s earlier remarks this week, the People’s Bank of China announced today a 50bps cut in the reserve requirement ratio and a 20bps reduction in the seven-day reverse repurchase rate. This move is intended to release approximately CNY 1T in long-term liquidity, enabling banks to lend more and increase […]
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First, the Russians, now this. Last month, a Russian judge fined Alphabet’s (GOOGL) two undecillion rubles — say what? — for restricting the country’s state media channels on YouTube, which the search engine giant owns. Related: Read more…
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