SOURCE / ECONOMY
China's central bank cuts RRR rate by 0.5% on July 15
Published: Jul 09, 2021 05:24 PM
China to lower the required reserve ratio (RRR) of financial institutions by 0.5 percentage points effective July 15, according to the central bank. The cut is expected to release long-term capital of about 1 trillion yuan ($154 billion).
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