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People’s Bank of China Signals Further Reserve Requirement Ratio Cuts to Boost Economic Recovery
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People’s Bank of China Signals Further Reserve Requirement Ratio Cuts to Boost Economic Recovery

The People’s Bank of China (PBC), the country’s central bank, announced on Thursday that there remains room to reduce the reserve requirement ratio (RRR) for banks and pledged to continue its supportive monetary policies aimed at bolstering the economy. This move underscores the PBC’s commitment to fostering a favorable monetary environment to boost market confidence...