Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China.
Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy.
The bank added that the weighted average deposit reserve ratio of financial institutions will be about 6.6% after this reduction.
Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%.
The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.
Organizations:
People's Bank of China, Reuters
Locations:
Victoria Harbour, Hong Kong, China, Asia, Pacific, Tokyo, August's