PBoC Refutes RRR Cut Rumors Again

Chinese investors and brokerages are trying to meme an RRR cut into reality, but so far no good.

Caixin: 央行辟谣定向降准、开展2674亿元TMLF 意味何在?
A week after the reduction was continued as "spicy powder" (MLF), the central bank served another bowl of "extra spicy powder" (TMLF), which was reduced in price, and explicitly denied rumors of a targeted reduction.

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