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PBOC cuts reserve requirement ratio to release CNY 500B liquidity

PBOC cuts reserve requirement ratio to release CNY 500B liquidity
People’s Bank of China slashed the Reserve Requirement Ratio for a majority of banks by 25bps today. This marks the second such reduction in this calendar year, aiming to spur liquidity in the market and support the economy. Following this adjustment, the weighted average RRR for banks will stand at 7.4%. This strategic step is […] The post PBOC cuts reserve requirement ratio to release CNY 500B liquidity appeared first on Action Forex... Read More
Posted: Sep 14 2023, 12:07
Author Name: actionforex
Views: 091221

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