China central bank will cut banks' reserve requirement ratio, governor says
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China's central bank will reduce the reserve requirement ratio (RRR) by 50 basis points, releasing approximately 1 trillion yuan ($138 billion) in liquidity to support economic growth amid ongoing trade tensions with the U.S. This marks the first RRR cut of 2025, following previous reductions in 2024. Additionally, the central bank plans to lower the policy rate by 10 basis points, which will also affect the loan prime rate, a key lending benchmark in China.
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