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China Announces to Cut Reserve Ratio from Mar. 1 2015

iconFeb 29, 2016 18:50
Source:SMM
China's central bank announced to lower reserve requirement ratio on the last day of February, SMM learns.

SHANGHAI, Feb. 29 (SMM) – China's central bank announced to lower reserve requirement ratio on the last day of February, SMM learns. 

The People’s Bank of China will reduce reserve requirements (RRR) by 50 basis points effective Mar. 1.   

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PBOC
China reserve requirement ratio
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