China announces details of targeted RRR cuts
China's central bank announced on Monday that it will cut the reserve requirement ratio(RRR)by 0.5 percentage points for banks engaged in proportionate lending to agricultural and small firms.
China cuts RRR for rural financial institutions
China's central bank announced Tuesday it will cut the reserve requirement ratio(RRR)for county-level rural commercial banks by 2 percentage points and that of rural credit cooperative unions by 0.5 percentage point beginning Friday.
Highlights
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