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A week before Budget, India is suddenly back in business

The needle has just moved on five of the eight high-frequency indicators of the Indian economy.
The Economic Times

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CASH RESERVE RATIO

China cuts banks’ reserve ratios again, frees up $115 billion to spur economy

The People's Bank of China (PBOC) said on its website it will cut banks' reserve requirement ratio (RRR) by 50 basis points, effective Jan. 6. The move would bring the level for big banks down to 12.5%. The PBOC has now cut RRR eight times since early 2018 to free up more funds for banks to lend as economic growth slows to the weakest pace in nearly 30 years.

China cuts banks' reserve requirements again to spur slowing economy

The PBOC has now cut RRR eight times since early 2018.

What are CRR & SLR with respect to banks?

Unlike CRR, money invested under the SLR window earn some interests for banks.

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