China’s central bank to cut reserve ratio
China’s central bank to cut reserve ratio
  Economy  |  International

China’s central bank to cut reserve ratio

China last lowered the RRR as part of its suite of new heavyweight policies announced at the end of September.
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RE+D magazine
21.10.2024
China’s central bank stands ready to further cut the amount of cash that commercial banks must hold as reserve for the remainder of the year as it dials up policy changes and implementation to boost the economy after third quarter growth slowed further.

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.


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