PBOC may implement 2 targeted RRR cuts next year – China Press

According to an editorial piece carried by the China Securities Journal on Tuesday, the People’s Bank of China (PBOC), the Chinese central bank, is expected to implement two cuts to the reserve requirement ratio (RRR) in 2020.

The RRR cuts will be targeted cuts, aimed at particular banks, it added.

On Monday, PBOC conduction the one-year Medium Lending Facility (MLF) at 3.25%.