China Securities Daily with an article today following the People's Bank of China's RRR cut yesterday:ICYMI - PBOC to cut reserve requirement ratio by 50bp from 5 FebruarySays the Bank may cut the Medium-term Lending Facility (MLF) rate during Q1.Yesterday People's Bank of China Governor Pan announced the Bank will cut RRR by 50bps from February 5th. RRR cuts are usually announced by the State Council, not the Governor of the Bank. He went on: PBoC will continue to use liquidity injection toolsRRR levels are still relatively highcut will release CNY 1tln of extra available funds into the economywill cut re-lending and re-discount rates by 25bps for the rural sector and small firms from Janua
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