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China analysts say a People's Bank of China Q3 RRR cut is likely - to support the economy

China Securities Journal with an article today citing analysts - say that a Q3 Reserve Requirement Ratio (RRR) from the PBOC is likely. In order to give a boost to the economy. The Reserve Requirement Ratio (RRR) is a central bank regulation that sets the minimum amount of reserves each bank must hold in relation to their deposit liabilities. Its the percentage of total deposits that banks are legally required to keep on hand, either as cash in their vaults or in a reserve account at the central... Read More

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Posted: Jul 17 2023, 22:51

Author Name: forexlive

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