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PBoC cuts banks reserve requirement ratio by 50bps
PBoC cuts banks reserve requirement ratio by 50bps
— DailyFX Team Live (@DailyFXTeam) December 6, 2021
- Effective as of December 15th
Added at 4:05am
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PBOC: RRR WILL BE REDUCED TO FREE UP 1.2 TRILLION YUAN IN LIQUIDITY.
— Breaking Market News (@financialjuice) December 6, 2021
Added at 4:06am
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PBOC: AFTER THE RECENT CUT, THE WEIGHTED AVERAGE RRR FOR FINANCIAL FIRMS IS 8.4%.
— Breaking Market News (@financialjuice) December 6, 2021
Added at 4:06am
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PBOC: WE WILL INCREASE CROSS-CYCLICAL ADJUSTMENTS.
— Breaking Market News (@financialjuice) December 6, 2021
Added at 4:07am
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PBOC: RRR CUT TO ENCOURAGE BANKS TO PROVIDE MORE HELP TO SMALL BUSINESSES.
— Breaking Market News (@financialjuice) December 6, 2021