Tag: Luxury brands

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CDT Money: Waiting For The Bottom

The People’s Bank of China announced a 50 bps cut in the reserve requirement ratio (RRR) for commercial lenders on Saturday as it stepped up efforts to boost growth amid signs of a weakening economy. The second such cut this year, which will officially go into effect on May 18, is intended to give local banks more breathing room to lend after the central bank announced on Friday that total de