The People's Bank of China: Today, it lowered the reserve requirement ratio for financial institutions by 0.5 percentage points, releasing long-term funds of approximately 1 trillion yuan.
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On February 5th, the People's Bank of China lowered the reserve requirement ratio for financial institutions by 0.5 percentage points, releasing long-term funds of approximately 1 trillion yuan. At the same time, it conducted a 100 billion yuan reverse repurchase operation through interest rate bidding.
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