China Cuts Bank Reserve Requirement Ratio Amid Capital Outflows

China’s central bank announced this evening that it will cut the reserve requirement ratio (RRR) by 50 basis points, effective tomorrow on 1 March 2016. The RRR cut came amid the recent capital outflow and soft economy, and will immediately inject about RMB650 billion (US$99 billion)into the banking system, alleviating the liquidity drain, says a […]

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Read the original article: China Money Network