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China’s central bank will cut reserve requirement ratio (RRR) for commercial banks by 50 basis points, effective from December 15, which will release about 1.2 trillion yuan ($188 billion) of long-term funding, the People's Bank of China (PBOC) said in a statement on Monday.
This is the second time the central bank has reduced the RRR this year. The cut will not apply to financial institutions with existing RRR of . . .
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