China makes targeted reserve requirement cut to boost lending to small firms

The People’s Bank of China (PBOC) said on its website that it would cut the reserve requirement ratio (RRR) for some banks. The PBOC said the move was made to support the development of “inclusive” financial services. China’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage more … http://cnb.cx/2fFYyBb

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