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Published 06:42 IST, September 27th 2024

China cuts banks' reserve ratio as economic growth sputters

The People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio.

Reported by: Thomson Reuters
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PBOC | Image: Shutterstock
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06:42 IST, September 27th 2024