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PBOC reportedly cuts reserve ratio as Norway cuts base rate by half point

7073彩票注册The People's Bank of China offered discounts to banks' reserve ratios by a half or 1 percentage point from their original level, , citing PBOC's website. The cuts will release 550 billion yuan ($79 billion) of liquidity, the statement said, . Also on Friday, Norway's central bank cut its main interest rate by a half point, and the Bank of Japan said it will provide ample liquidity using market operations with long maturities.

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