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PBOC Cuts RRR by 50 bps

A.F 9 July, 2021 3:30 pm Market Update

In an unexpected move, the People’s Bank of China (PBOC) cut the Reserve Ratio Requirement (RRR) for banks by 50 bps with effect from July 15.

Weighted average RRR for all financial institutions at 8.9% after the new cut.

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