PBOC deputy governor says will cut RRR, interest rates, at an appropriate time

  • People's Bank of China

PBOC deputy governor says will cut reserve Requirement ratio (RRR), interest rates, at an appropriate time

  • to focus financial support on stabilising jobs, economic growth
  • will guide financial institutions to guarantee financing demand for foreign trading firms (i.e. exporters)
  • studying plans to enrich policy kit
  • will roll out new policies when needed
People's Bank of China (PBOC) Deputy Governor Lu Lei 27 February 2025 2

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