In order to maintain ample liquidity and support a nascent economic recovery, China’s central bank announced on Friday that it would reduce the amount of cash that banks must hold as reserves for the first time this year. Chinese leaders… Read More ›
Day: March 17, 2023
After SVB’s Demise, Banks Sought Record-High Amounts Of Fed Liquidity
Following the failure of Silicon Valley Bank and Signature Bank, banks requested unprecedented amounts of emergency liquidity from the Federal Reserve, which helped undo months of central bank efforts to reduce the size of its balance sheet, according to Fed… Read More ›