The People's Bank of China announces a double reduction policy.

According to the Gate.io News bot, on May 7, the Governor of the People’s Bank of China, Pan Gongsheng, announced the implementation of a double reduction policy at a press conference: a reduction of the reserve requirement ratio by 0.5 percentage points, as well as a reduction of the policy interest rate by 0.1 percentage points.

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Pioneer0501vip
· 05-07 02:48
According to the Gate.io News bot, the State Council News Office announced that on May 7, the Governor of the People's Bank of China, Pan Gongsheng, announced the implementation of a dual reduction policy at a press conference: a reduction of the reserve requirement ratio by 0.5 percentage points and a simultaneous reduction of the policy interest rate by 0.1 percentage points.
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