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Tag Archives: #CRR

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China cuts some banks’ reserve requirements to boost lending

EventBy adminJune 25, 2018Leave a comment

The People’s Bank of China said on Sunday it would cut the reserve requirement rate – the amount of cash that some banks must hold as reserves by 50 basis points (bps), effective July 5. The rate cut would release CNY 500 billion in liquidity for the 5 large state banks and 12 national joint-stock…

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