The required reserve ratio cut by the People’s Bank of China will boost bank’s lending capacity and more importantly lower their cost of capital received from the central bank. Photo: ReutersThe required reserve ratio cut by the People’s Bank of China will boost bank’s lending capacity and more importantly lower their cost of capital received from the central bank. Photo: Reuters
The required reserve ratio cut by the People’s Bank of China will boost bank’s lending capacity and more importantly lower their cost of capital received from the central bank. Photo: Reuters

China cuts banks’ reserve requirements in latest effort to boost economy amid US trade war

  • People’s Bank of China cuts reserve requirement for all banks by 0.50 percentage point effective from September 16
  • It also cuts reserve requirements for certain urban banks by another full percentage point, with half effective on October 15 and the rest a month later

Topic |   China economy
The required reserve ratio cut by the People’s Bank of China will boost bank’s lending capacity and more importantly lower their cost of capital received from the central bank. Photo: ReutersThe required reserve ratio cut by the People’s Bank of China will boost bank’s lending capacity and more importantly lower their cost of capital received from the central bank. Photo: Reuters
The required reserve ratio cut by the People’s Bank of China will boost bank’s lending capacity and more importantly lower their cost of capital received from the central bank. Photo: Reuters
READ FULL ARTICLE