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China’s reserve-ratio-requirement cut to boost economic growth and cash availability

The People’s Bank of China announced the first reserve-ratio requirement (RRR) cut of 2012 today, as a sign of further loosening of monetary policies to propel lending and sustain economic growth. The 50bps cut, effective as of February 24, will allow large banks to have 20.5% RRR and small banks to have 18.5% RRR. The RRR cut is set to…

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