China central bank says won't rush to cut bank reserve ratio despite liquidity squeeze: sources

January 22, 2016 11:30 AM

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BEIJING China's central bank will not rush to cut the amount of cash banks must hold as reserves, despite a liquidity squeeze ahead of the Lunar New Year, an assistant central bank governor has said, according to sources.

The central bank "will not easily cut banks' reserve requirement ratios (RRR)", Zhang Xiaohui told senior officials of policy banks and commercial banks at a recent meeting on liquidity management, said the sources with direct knowledge of the meeting.

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