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Besides supporting small businesses, analysts say the RRR cut will ease the liquidity strain in the interbank market. It represents another sign of the central bank's policy adjustment, not a shift of monetary stance.
Benioff was a vocal financial backer of Proposition C, a 2018 ballot measure designed to generate up to 0 million a year in new funds for shelters and mental health services by increasing, by an average of 0.5 percent, the gross receipts tax on companies with more than million in annual revenue.
Biden's defensive and sometimes faltering response was viewed as a blow to his status as the Democratic race's front-runner. He has consistently held a significant lead in public opinion polls since he entered the race in April.
Besides, the PBOC may be more likely to inject liquidity into the interbank system via open-market operations within certain time frames, said Stephen Chiu, an Asia FX and Rates Strategist with Bloomberg Intelligence.
Best Flood Watch Site of the Day: Floodzilla, real-time flood alerts for the Snoqualmie River (as seen on?KING 5).
来源：资阳报