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China Announces to Cut Reserve Ratio from Mar. 1 2015
Feb 29,2016 18:50CST
industry news
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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China reserve requirement ratio

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