May 26, 2022

China cuts the reserve requirement ratio by 0.25% for financial support

China cuts the reserve requirement ratio by 0.25% for financial support

The People’s Bank of China (Central Bank) announced on the 15th that it will reduce the reserve requirement ratio for all banks by 0.25 percentage points. It will be implemented from April 25th.

 

Some small banks will receive an additional 0.25 percentage point reduction.

 

This is the first time this year that the reserve requirement ratio has been reduced. This measure will provide the city with long-term liquidity of about 530 billion yuan ($ 83.25 billion) to support the economy.

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