Home PBOC cuts RRR for some banks, Aussie regains 0.6300

PBOC cuts RRR for some banks, Aussie regains 0.6300

Updated: 13 Mar. 2020 | 10:27

Joining the global bandwagon in offering stimulus measures to fight the coronavirus impact on the economy, the People’s Bank of China (PBOC) announced on Friday, it will cut Reserve Requirement Ration (RRR) by 0.50% to 1.00% for banks under its inclusive finance scheme, effective March 16.

more to come …

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