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BEIJING http://www.airvapormax97uk.com , Feb. 29 (Xinhua) -- The central bank announced on Monday that it will lower its reserve requirement ratio (RRR) for commercial banks by 0.5 percentage points, effective Tuesday, the latest effort to bolster growth.
The move, the first such cut this year, aims to "ensure reasonably ample liquidity in the financial system; guide a stable and appropriate growth in credit; and create a favorable financial environment for supply-side structural reform Nike Air VaporMax 97 UK ," the People's Bank of China said in a statement on its website.
To boost economic growth, which in 2015 slowed to its lowest level in a quarter of a century, the central bank lowered the RRR five times last year.
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China to maintain stable monetary policies: central bank governor
SHANGHAI, Feb. 26 (Xinhua) -- China will continue to implement stable monetary policies, said Zhou Xiaochuan Air VaporMax 97 UK , governor of the People's Bank of China, on Friday.
China will not "overly" plan its macroeconomic polices based on exterior economic performance or capital flow, he said at the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai. Full Story
Central bank continues fund injection
BEIJING, Feb. 26 (Xinhua) -- China's central bank continued to pump money into the financial system on Friday through open market operations.
The People's Bank of China (PBOC) conducted 300 billion yuan (46.15 billion U.S. dollars) of reverse repurchase agreements (repo), in which central banks purchase securities from banks with agreements to resell them in the future.
ATHENS Nike VaporMax 97 UK , May 24 (Xinhua) -- Greek Interior Minister Nikos Voutsis issued a fresh warning on Sunday that Greece would not repay loan installments to the International Monetary Fund in June,while Energy Minister Panagiotis Lafazanis publicly pondered on the advantages and disadvantages of Grexit during a ruling party meeting.
Following the latest EU summit in Riga on Friday and talks with European leaders on the terms of a new deal to address the Greek debt crisis, Prime Minister Alexis Tsipras faced mounting pressure at the weekend from his Radical Left SYRIZA party hardliners who oppose more concessions to Greece's creditors in return for further vital funding to keep the country afloat and in the euro zone.
"The installments to the IMF in June, starting from June 5 to June 19, amount to 1.6 billion euros. This money will not be given. There is no money to repay the installments Cheap Men's Nike Air VaporMax Utility Black UK ," Voutsis said during an interview with a local television channel.
He echoed similar statements made by other cabinet ministers in recent days who have openly said that after struggling to meet its financial obligations to the IMF and pay salaries and pensions this spring with no international aid since last summer, Athens can no longer make it without urgent foreign assistance.
Voutsis expressed optimism that a "mutually beneficial compromise" will be reached on time with lenders and there will not be a credit event and a subsequent Greek exit from the European common currency zone.
Lafazanis, who leads SYRIZA's so-called Left Platform of hardliners who object to key reforms and privatizations, appeared to welcome the default and Grexit during his speech at the party central committee meeting on Sunday in Athens.
"How come Grexit and return to national currency equal destruction?" he asked, calling for an "open discussion on the alternative way in Greece" six years after the start of the debt crisis and the introduction of two bailouts.
Arguing that Greece's exit from the euro zone would harm the interests of the wealthy and not poor Greeks Cheap Men's Nike Air VaporMax 2.0 Casual White UK , Lafazanis accused creditors of "blackmail" and called on the government to "prepare people for what could follow, tell the truth and be sure of citizens' support."
The Left Platform warned that they would not support an agreement that was not consistent with the party's pre-election program against austerity, over taxation and the sellout of public assets.
Addressing the party meeting earlier Tsipras said that after four months of marathon negotiations Greece was on the final stretch to reach a "viable solution" with lenders, stressing that his government would not accept "unreasonable humiliating conditions."
In the latest opinion survey released this weekend most Greek citizens support the government's stance, although the percentage has dropped from 90 percent in February to 54 percent today Cheap Nike VaporMax Moc Flyknit Women's Triple Black UK , according to the poll conducted by Public Issue polling firm for "Avgi" (Dawn) newspaper.
About 58 percent of respondents said that the government should not give in to creditors' pressure for more painful measures and 37 percent said Tsipras should make more steps to secure a deal.
Most respondents (56 percent) preferred the agreement's ratification by the parliament rather than a referendum (34 percent).
In a possible referendum the overwhelming majority of Greeks (71 percent) would favor Greece's stay in the euro zone instead of a return to drachma (19 percent), according to the survey.
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Greece unable to repay next loan installment to IMF without aid: ruling party
ATHENS, May 20 (Xinhua) -- Greece is unable to repay the next loan installment to the International Monetary Fund due on June 5 without international aid, Nikos Filis, spokesman for the ruling Syriza party in Parliament Cheap Men's Nike Air Max 270 Be True Multicolor UK , said Wednesday.
"Negotiations are tense. Now is the moment of truth," Filis told a local TV channel in Athens, as talks between representatives of the Greek government and the country's global creditors continued in Brussels on further arrangements regarding the Greek debt issue. Full story
Greek PM seeks political momentum during Latvia EU summit to reach debt deal by June
ATHENS, May 21 (Xinhua) -- Greek Prime Minister Alexis Tsipras arrived at Riga, Latvia Cheap Men's Nike Air Max 270 Flyknit Triple Black UK , on Thursday for the EU Eastern Partnership summit seeking to gain political moment. Wholesale Jerseys From China Wholesale Jerseys From China Wholesale Throwback MLB Jerseys Wholesale Jerseys Free Shipping Wholesale NHL Jerseys China Wholesale New NBA Jerseys Cheap Jerseys China Cheap College Football Jerseys Cheap NFL Jerseys Cheap NBA Jerseys |
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