PBOC cuts reserve requirement ratio to release CNY 500B liquidity

<p>People&#8217;s Bank of China slashed the Reserve Requirement Ratio for a majority of banks by 25bps today. This marks the second such reduction in this calendar year, aiming to spur liquidity in the market and support the economy. Following this adjustment, the weighted average RRR for banks will stand at 7.4%. This strategic step is [&#8230;]</p>
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