China’s central bank has announced a 0.25 percentage point cut to the reserve ratio for commercial banks. Photo: Bloomberg
China’s central bank has announced a 0.25 percentage point cut to the reserve ratio for commercial banks. Photo: Bloomberg

China cuts reserve requirement ratio to boost economy, releasing US$83.2 billion into banking system

  • People’s Bank of China decision comes only two days after Premier Li Keqiang said there will be a ‘timely’ reduction in the reserve requirement ratio (RRR)
  • He also said other policy tools could be used to support the economy which is faltering amid the country’s worst coronavirus outbreaks in two years

China’s central bank has announced a 0.25 percentage point cut to the reserve ratio for commercial banks. Photo: Bloomberg
China’s central bank has announced a 0.25 percentage point cut to the reserve ratio for commercial banks. Photo: Bloomberg
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