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China Central Bank Cuts RRR By 25 Bps To Support Economic Recovery

Por: RTTNews Business March 17, 2023

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The People's Bank of China cut the reserve requirement ratio for banks by 25 basis points on Friday for the first time this year to support the nascent economic recovery and to ensure reasonable and sufficient liquidity in the banking system.The RRR represents the amount of cash that banks must hold as reserves. The latest reduction in the ratio is applicable to all banks except those that have already implemented a 5 percent reserve ratio,... + full article



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