China's central bank to cut RRR by 0.25 percentage points
2022-11-28 11:55:29 [Print]
The People's Bank of China announced on November 25 that it will cut reserve requirement ratio (RRR) for financial institutions by 0
The RRR cut will take effect on December 5 and is expected to inject 500 billion yuan (69.45 billion US dollars) of liquidity into the economy.
. 25 percentage points (except for some incorporated financial institutions that have already implemented an RRR of 5%), which will bring the weighted average RRR level to 7 . 8%.The RRR cut will take effect on December 5 and is expected to inject 500 billion yuan (69.45 billion US dollars) of liquidity into the economy.