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March 15, 2023

China Cuts Reserve Requirement Ratio to Boost Economy

China’s central bank cut the amount of cash, which banks must keep in reserve in an effort to stimulate the economy as it gradually recovers from pandemic restrictions and a property market slump. The People’s Bank of China reduced the RRR for almost all banks by 0.25 percentage points, effective from March 27. The PBOC last cut the RRR in December by the same percentage.

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China Cuts Reserve Requirement Ratio to Boost Economy

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China Cuts Reserve Requirement Ratio to Boost Economy

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