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China state-backed financial media commentary piece says more RRR cuts to come

The People's Bank of China-backed (and hence Chinese Communist Party-backed) China Securities Journal has an opinion piece today, citing analysts as saying the PBoC is expected to continue to cut the RRR rate. 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... Read More

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China

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Financial

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Commentary

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Forex

Posted: Sep 10 2023, 23:02

Author Name: forexlive

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