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The People’s Bank of China (PBOC) announced on Friday that it will cut the reserve requirement ratio (RRR) for all banks by 25 basis points (bps) effective from April 25.The PBOC further noted that it will cut RRR by an additional 25 bps for some smaller banks and noted that …
Read More »PBOC: RRR cut by 25 bps effective as of April 25
