Chinese state financial media says an RRR cut for all banks is likely

November 24, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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We had this earlier in the week:

PBOC signals more monetary policy stimulus, including a cut to reserve requirement ratio

PBoC RRR cut may be in the next few days.

China Securities Journal says a cut is seen as being likely.

In a nutshell the RRR refers to the the amount of cash banks have to keep in reserve (Reserve Requirement Ratio).

This article was written by Eamonn Sheridan at forexlive.com.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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Chinese state financial media says an RRR cut for all banks is likely

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