China cuts reserve requirement ratio for some banks by 1% - ConsultFX

China cuts reserve requirement ratio for some banks by 1%

Headlines via Bloomberg and Reuters PBOC says that the cut will be effective as of 25 April. It has been the case in the past that the PBOC is using targeted RRR cuts in order to boost lending. And in this case they say that the funds released by the RRR cuts are for banks to repay