ABU DHABI / GULF TIME As December settles over Abu Dhabi, Taparelle embraces the season …
Read More »PBOC: Reserve cut not aimed at helping housing market
Bloomberg When China allowed banks to use 700 billion yuan ($108 billion) more of their deposits, they were very clear on where the money should go. One sector not mentioned was the overheating property market. Money freed up from previous cuts may have ended up flowing into the housing market, and the design of this new policy seems aimed at …
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