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PBOC’s reserve ratio cut to boost steel market sentiment
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Date:[10/9/2018] Source：Shandong Hai Steel Co.,Ltd
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PBOC’s reserve ratio cut to boost steel market sentiment
The recent announcement of People’s Bank of China (PBOC) to cut a few commercial banks’ reserve requirement ratio by one percentage point will surely boost the steel market sentiment, though it remains unclear how much cash will actually be injected into the sector, industrial sources shared on October 10. PBOC, China’s policy bank, announced on October
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