Chinese state media outlet says further RRR cuts are expected this year ...Middle East

China Securities Journal quotes analysts saying further cuts to RRR coming this year. ---The Reserve Requirement Ratio (RRR) is a central bank regulation that sets the minimum amount of reserves each bank must hold in relation to their deposit liabilities. Its the percentage of total deposits that banks are legally required to keep on hand, either as cash in their vaults or in a reserve account at the central bank.In China, this ratio is set by the People's Bank of China (PBOC).By adjusting the RRR, the PBOC can influence the lending capacity of commercial banks. For example, an increase in RRR means that banks have less money to lend out because they have to keep more in reserve. This reduc

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