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PBOC Reduces RRR for Financial Institutions by 0.5 ppts
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The People's Bank of China (PBOC) adhered to a supportive monetary policy stance, intensified the monetary policy regulation and control, and improved the precision of monetary policy regulation and control, so as to create a favorable monetary and financial environment for the stable growth and high-quality development of the Chinese economy. The PBOC decided to lower the reserve requirement ratio (RRR) for financial institutions by 0.5 ppts (excluding financial institutions that have already executed a 5% RRR) from today (27th). After the downward adjustment, the weighted average RRR for financial institutions is about 6.6%. AAStocks Financial News |
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