China PBoC cuts RRR, USD/CNH range bound

[PocketOption]

China PBoC cuts RRR, USD/CNH range bound

China’s central bank PBoC announced to lower the reserve requirement ratio (RRR) by 0.25%, effect December 5. That’s the second cut this year, last being in April. The move is expected to released around CNY 500B in long-term liquidity to support the economy. PBoC sad in a statement the the cut is aimed at “keeping […]

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Source: China PBoC cuts RRR, USD/CNH range bound