Today news
About the same in other media
China’s Central Bank Cuts Reserve Requirement Ratio for Banks
Reading now: 107
BEIJING—China’s central bank said Monday it would lower the amount of funds banks have to set aside, replenishing liquidity into the financial system in a bid to support the economy and cut financing costs for businesses.
The People’s Bank of China said in a statement that it would cut banks’ reserve requirement ratio by 0.5 percentage point, which will bring the weighted average RRR level for the whole banking system to 8.4%. The cut won’t apply to county-level rural lenders whose RRR stands at
Read more on wsj.comAbout this in other media
Despite omicron risks, Invesco's top global strategist lists emerging markets — including China — as top 2022 investment picks cnbc.com /2 years ago
China's Xi is set to meet Russia's Putin virtually on Wednesday cnbc.com /2 years ago
Economy Week Ahead: Retail, Factories, Central Banks wsj.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
