PBOC vows to use monetary tools including RRR cut to support economy

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Chinese central bank vowed to flexibly use monetary tools, including lowering banks' reserve requirement ratio to step up financial support to the real economy as downward pressure on the economy increases.

"Downward pressure on the economy has increased"... "We will use monetary policy tools including reserve requirement ratio reduction at an appropriate time step up financial support to the real economy, in particular the sector hit hard by the Covid-19 outbreaks, medium, small and . . .

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