China unexpectedly cuts reverse repo rate by most in 5 yrs to support virus-hit economy

It was the third cut in the 7-day rate since November, and comes as the coronavirus infections in China - where the outbreak originated late last year - has slowed from a peak in February. The country has so far reported 3,304 deaths from 81,470 infections. Ma Jun, a central bank adviser told state media that China still has ample room for monetary policy adjustment.

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