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PBOC cuts RRR by 1%

The People’s Bank of China (PBOC) announced a 100bps cut in its Reserve Require Ratios (RRR), with the additional details found below.

Cuts Reserve Ratio By 50 Bps Jan 15

Cuts Reserve Ratio By 50 Bps Jan 25

Latest RRR cut will help offset liquidity volatility during lunar New Year holiday

Will release 1.5tln Yuan in liquidity

Latest RRR cut will lower interest payment costs for banks by 20bln Yuan annually.

Cut is to support small, private companies financing.

It will not flood economy with liquidity.

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