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

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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
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