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China to cut RRR by 50 basis points

Xinhua | Updated: 2019-09-06 17:42
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Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, Oct 8, 2018. [Photo/IC]

BEIJING, Sept 6 — China's central bank announced Friday to cut the reserve requirement ratio for financial institutions by 50 basis points from Sept 16 in the latest effort to bolster the economy.

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