Apr 22, 2015
China's RRR cut to bring positive long-term effects - Fitch
International ratings agency Fitch estimates that the People's Bank of China's (PBoC) reserve requirement ratio (RRR) cut effective April 20 will release 1.5 trillion Yuan (USD240 billion) in liquidity, while it will lower borrowing costs and alleviate the debt-servicing burden for both state owned and private companies as well as local governments.
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