The People's Bank of China has announced that it will reduce the reserve requirement ratio for commercial banks by 50 basis points to encourage lending and boost domestic spending, Bloomberg reported Sept. 6.

China: Central Bank Cuts Reserve Requirement Ratio to Increase Domestic Lending

The People's Bank of China (PBOC) has announced that it will reduce the reserve requirement ratio for commercial banks by 50 basis points to encourage lending and boost domestic spending, Bloomberg reported Sept. 6.

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China: Central Bank Cuts Reserve Requirement Ratio to Increase Domestic Lending

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