Logo 24 Jan 2024

Open the sluice gates

China's central bank (PBoC) is finally doing more to bolster the economy.
On Wednesday, the PBoC said it will cut banks’ reserve requirement ratio (RRR) by 50 basis points, effective February 5.

The reduction applies to all banks except those whose RRR is already 5% or lower.

The details: After th...

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