<중앙은행> "Reserve Requirement Ratio Cut by 0.25 Percentage Points on the 27th"
The People's Bank of China, the central bank of China, decided on the 27th to lower the reserve requirement ratio for financial institutions by 0.25 percentage points.
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On the 17th, the People's Bank announced, "This decision was made to promote effective qualitative growth and reasonable quantitative growth of the economy, to coordinate macro policies well, to further support the real economy, and to maintain sufficient liquidity in the banking system at a reasonable level."
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