Trivium Neopol - Econ and Finance | Logo 06 Dec 2021

PBoC cuts banks’ reserve requirements

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Late on Monday, the central bank (PBoC) announced a 50-basis-point cut to banks' reserve requirement ratios (RRRs) – effective on December 15.

Some details: The bank reckons the broad-based RRR cut will inject RMB 1.2 trillion into the banking system. But an unidentified...

Snuh-ohez.

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