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The People’s Bank of China reduced the reserve requirement ratio for almost all banks by 0.25 percentage points, effective from March 27, it said in a statement on Friday.
China’s central bank has made a surprise cut to the amount of money that banks must keep in reserve, in an effort to keep money flowing through the financial system and prop up the economy.
Move by People’s Bank of China comes as world’s second-largest economy has been struggling to bounce back this year; Reserve requirement ratio will be cut by 0.25 percentage points on Friday ...
The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing. By Keith Bradsher Reporting from Beijing ...
China will cut the seven-day reverse repurchase rates by 10 basis points to 1.4% from 1.5%, ... The central bank will also lower the reserve requirement ratio, ...
Beijing will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis points in the near term, People's Bank of China Gov. Pan Gongsheng said.
China has room to further cut banks' reserve requirement ratio (RRR), among other policy tools at its disposal, a deputy central bank head said on Thursday, underlining market expectations for ...
The central bank will also lower the reserve requirement ratio, which determines the amount of cash banks must hold in reserves, by 50 basis points, unleashing additional liquidity of 1 trillion ...
The central bank will also lower the reserve requirement ratio, which determines the amount of cash banks must hold in reserves, by 50 basis points, unleashing additional liquidity of 1 trillion ...
The central bank will also lower the reserve requirement ratio, which determines the amount of cash banks must hold in reserves, by 50 basis points, unleashing additional liquidity of 1 trillion ...
The central bank will also lower the reserve requirement ratio, which determines the amount of cash banks must hold in reserves, by 50 basis points, unleashing additional liquidity of 1 trillion ...