China’s markets tumble after central bank moves to spur the economy

China’s stock markets tumbled on Monday, as investors were unnerved by the central bank’s decision to slash the amount of cash that the country’s lenders must hold as reserves, in a bid to help spur economic growth.

The People’s Bank of China (PBOC) announced measures on Sunday to cut the reserve requirement ratio (RRR) — or the amount of cash that most commercial banks need to set aside at the central bank.

Source: China’s markets tumble after central bank moves to spur the economy

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