PBoC cuts interest rates, RRRs
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China’s central bank (PBoC) is shoring up the economy as tariffs bite.
On Wednesday, the PBoC moved to loosen monetary policy.
It cut the interest rate on seven-day reverse repos – its sole policy rate – by 10 bps to 1.4%.
It reduced the reserve requirement ratio (RRR) for banks by 0.5 percentage p...