China's central bank to cut reserve requirement ratio by 0.5 basis points from Dec 15

The People's Bank of China said on Monday that it has decided to cut the reserve requirement ratio (RRR) by 0.Asian Metal CopyrightThe People's Bank of China said on Monday that it has decided to cut the reserve requirement ratio RRR by 0.Asian Metal Copyright5 percentage points to 8.Asian Metal CopyrightThe People's Bank of China said on Monday that it has decided to cut the reserve requirement ratio RRR by 0.Asian Metal Copyright4% for financial institutions, effective on December 15, except for those financial institutions that already implement a 5% RRR, to support the development of the real economy and reduce the comprehensive financing cost.
.Asian Metal Copyright5 percentage points to 8Asian Metal Copyright