PBOC Tweaks Liquidity Tap Again as China Growth Jitters Persist
RRR to drop 1 percentage point in two-step reduction
To release net 800 billion yuan ($116 billion) of liqudity
Bloomberg’s John Liu reports on the PBOC’s reserve ratio cut. Source: Bloomberg
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Bloomberg News
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China’s central bank took a further step to secure liquidity to the slowing economy, amid investor jitters over the outlook and expectations that more easing moves are in the pipeline.
