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China Central Bank Lowers Reserve Ratio Requirement by 0.50%
February 26, 2012
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Feb. 18 (Bloomberg) -- The People’s Bank of China reduced the amount of cash that banks must set aside for reserves by 0.50 percentage point effective Feb. 24, it said on its website today.
To contact the reporter on this story: Feiwen Rong in Beijing at frong2@bloomberg.net
To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net
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