PBOC Cut RRR; More Easing is Expected to Boost Recovery

<p>The PBOC announced to cut the reserve requirement ratio (RRR) by -50 bps, effective December 15. Yet, the reduction will not apply to financial institutions with existing RRR of 5%. Releasing about RMB 2 trillion in long-term liquidity, the amount is not significant but sent a signal that more stimulus would follow to boost the […]</p>
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