China to cut reserve requirement ratio by 0.25 percentage points
2023-03-20 11:29:15 [Print]
China's central bank announced that it will cut the reserve requirement ratio (RRR) for financial institutions by 0
. 25 percentage points from March 27, except for some incorporated financial institutions that have already implemented an RRR of 5% . The cut will bring the weighted average RRR level to 7 . 6%.