>>> CHINA PBOC CUTS KEY RATES (both RRR and 1-year rates) CHINA PBOC CUTS KEY RATES (both RRR and 1-year rates) - Cuts 1 year deposit rate from 2.00% to 1.75% - Cuts 1-year lending Rate from 4.85% to 4.60% - Cuts Reserve Ratio Requirement (RRR) by 50bps