The People’s Bank of China (PBOC) last cut the reserve requirement ratio (RRR) in April when the central bank announced 0.25 percentage point reduction. Photo: Reuters
The People’s Bank of China (PBOC) last cut the reserve requirement ratio (RRR) in April when the central bank announced 0.25 percentage point reduction. Photo: Reuters

China’s reserve requirement ratio cut ‘better late than never’, set to release US$70 billion to boost economy

  • People’s Bank of China confirmed a 0.25 percentage point reduction to the reserve requirement ratio on Friday
  • The decision was within expectations, but comes at a time when the world’s second-largest economy is facing a new round of coronavirus disruptions

The People’s Bank of China (PBOC) last cut the reserve requirement ratio (RRR) in April when the central bank announced 0.25 percentage point reduction. Photo: Reuters
The People’s Bank of China (PBOC) last cut the reserve requirement ratio (RRR) in April when the central bank announced 0.25 percentage point reduction. Photo: Reuters
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