Economics
PBOC Signals Reserve Ratio Cut to Boost Rural Finance
- Some analysts say a RRR cut could come as soon as Friday
- Ministry of Finance pledges to accelerate fiscal spending
Outside the People's Bank of China (PBOC) building in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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China’s central bank signaled it may reduce the reserve requirement ratio for banks to spur rural finance, a targeted move that would help cushion the economy as it slows.