SOURCE / ECONOMY
China's central bank to cut RRR by 50 basis points on Dec 15
Published: Dec 06, 2021 05:23 PM
China's central bank announced Mon to cut financial insitutions' reserve requirements by 50 basis points, effective from Dec 15.

The universal RRR cut will release about 1.2 trillion yuan ($188.3 billion) in long-term liquidity to the economy, the People’s Bank of China said.
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