Experts: RRR cut to add $100+ bln to market

The People’s Bank of China (PBOC), China’s central bank, announced the RRR cut two days after the closing of the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai.

Analysts say the 0.5 percentage point cut will inject about 107 billion U.S. dollars into the financial system, which will help create a favorable financial environment for China’s supply-side structural reform.

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