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China PBoC cuts RRR, USD/CNH range bound

China PBoC cuts RRR, USD/CNH range bound
China’s central bank PBoC announced to lower the reserve requirement ratio (RRR) by 0.25%, effect December 5. That’s the second cut this year, last being in April. The move is expected to released around CNY 500B in long-term liquidity to support the economy. PBoC sad in a statement the the cut is aimed at “keeping […] The post China PBoC cuts RRR, USD/CNH range bound appeared first on Action Forex... Read More
Posted: Nov 25 2022, 11:07
Author Name: actionforex
Views: 103139

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