PBOC cuts banks’s Reserve Requirement Ratio by 25 bps
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The People’s Bank of China (PBOC) announced on Friday that it cut banks’ Reserve Requirement Ratio (RRR) by 25 basis points (bps), effective from March 27.
AUD/USD is finding support just above the 0.6700 level on the PBOC rate cut announcement. The pair stalled its retreat from 0.6725, now adding 0.80% on the day.
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