PBoC reiterates rates, reserve ratio to be cut ‘at appropriate time’
Beijing: China’s central bank is reiterating its pledge to lower interest rates and the reserve requirement ratio (RRR) for banks “at an appropriate time” to promote growth, with the economy continuing to face challenges both domestically and globally.
PBoC: Will cut RRR and interest rates at proper time
The People's Bank of China's (PBoC) Monetary Policy Committee said on Friday that they will cut the reserve ratio requirements (RRR) and interest rates at proper time, per Reuters. "Recommending strengthening intensity of monetary policy adjustments."
PBOC Reiterates China Rates, Reserve Ratio to Be Cut ‘At Appropriate Time’
China’s central bank reiterated its pledge to lower interest rates and the reserve requirement ratio for banks “at an appropriate time” to promote growth, with the economy continuing to face challenges both domestically and globally.
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