21 Oct 2024

China’s central bank to cut reserve ratio

  • RE+D Magazine

The People’s Bank of China plans to lower commercial bank’s reserve requirement ratio (RRR) by between a quarter and half a percentage point according to the liquidity situation, governor Pan Gongsheng told the Financial Street Forum in Beijing on Friday.

China last lowered the RRR as part of its suite of new heavyweight policies announced at the end of September.




Leave a Reply

Your email address will not be published. Required fields are marked *

By browsing this website, you agree to our privacy policy.
I Agree