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RRR Cut Aims to Redirect Capital Flows
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Magazine Article
RRR Cut Aims to Redirect Capital Flows
2015
Overview
Beset with troubles in both domestic and inter- national markets, the People＇s Bank of China （PBC）, the country＇s central bank finally cut the reserve requirement ratio （RRR） for all financial institutions by 0.5 percentage points on February 5. An additional targeted RRR cut of O.S percentage points also took effect for city and rural commercial banks with sufficient exposure to small and medium-sized enterprises.
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