China’s central bank will guide interest rates lower to aid virus-hit economy

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Feb 22 (Reuters) – China will guide overall market interest rates lower and keep liquidity appropriately ample to help companies affected by the coronavirus epidemic, a senior central banker told state media.

Liu Guoqiang, deputy governor of the People’s Bank of China, also told the Financial News in an interview that the central bank will release more liquidity to banks by adjusting the criteria for targeted reserve requirement ratios (RRR) cuts.

Read more : Reuters

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