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More Cuts to Banks’ Reserve Requirement Under Consideration, Premier Says

2019年12月24日 19:31 来源于 财新网
Announcement is seen as sign China’s central bank could further ease monetary policy amid the economic slowdown

Premier Li Keqiang said Monday that the government will study further cutting banks’ reserve requirement ratios (RRRs), among other measures, to lower borrowing costs for small businesses.

The premier’s announcement is being seen as a sign that the People’s Bank of China (PBOC) could ease monetary policy in the coming year amid slowing economic growth.

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