The central bank announced a rate cut and reserve requirement ratio cut
2025-05-07 01:17:08
Odaily News Pan Gongsheng, governor of the People's Bank of China, announced at a press conference held by the State Council Information Office on May 7 that the reserve requirement ratio would be cut by 0.5 percentage points and the policy interest rate would be lowered by 0.1 percentage points.
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