Morning View: PBOC RRR Cut. What Does it Mean?

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On the back of a 0.5% cut in February, Sunday saw the People's Bank of China cut their Reserve Ratio Requirement (RRR) by 1%, leaving it at 18.5%. It is essentially a $1 trillion Yaun (or $208 billion) stimulus to the economy through the release of capital. The RRR cut



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