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People's Bank of China Cuts RRR 50 basis points

posted by Avatar cbn 487 days ago in AUD, Fundamental, Inflation made popular 487 days ago

The People's Bank of China (PBOC) announced a 50 basis point reduction in the required reserve ratios (RRR) for deposit taking financial institutions, effective 24th February 2012. The new required reserve ratios will average 20.50% for large banks, and 18.50% for small banks. The move is expected to add as much as 400 billion yuan of liquidity t
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