PBOC’s Stimulus Measures Fuel Significant Gains in Asian Stocks and European Futures
PBOC’s Stimulus Measures Fuel Significant Gains in Asian Stocks and European Futures The People’s Bank of China (PBOC) announced a surprising cut in the reserve requirement ratio for banks on March 20, 2023 , marking the first reduction since December 2022 . This move, aimed at releasing liquidity into the financial system , came amid…