China’s Central Bank Set to Cut Bank’s RRR Next Month to Boost Economy

The People’s Bank of China announced on Wednesday plans to cut the reserve requirement ratio (RRR) for banks to release more money and boost the economy, a Bloomberg report details, quoting the Central Bank’s Governor Pan Gongsheng. According to that report, the Central Bank’s planned RRR reduction will come in early February and is slated […] source: https://coinedition.com/chinas-central-bank-to-cut-banks-rrr-in-early-february/