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China official urges cut to required reserve ratio

The People's Bank of China (left) has held the required reserve ratio at 17 per cent since February after four cuts last year. It will be decreased to 16.5 per cent in the fourth quarter of 2017.


CHINA'S requirement for how much cash banks must hold as reserves is "very high" and should be reduced at an "appropriate time," a senior banking regulator said, according to a media report.

Other financing tools can be used to manage the money supply after easing the...

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