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Reserve Ratio

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economy3 years ago•0 min saved

China's Reserve Ratio Cuts Boost Economic Recovery

China's central bank, the People's Bank of China (PBOC), has announced a second cut to the reserve requirement ratio (RRR) for banks this year in an effort to maintain ample liquidity and support the country's nascent economic recovery. The RRR will be reduced by 25 basis points for all banks, except those already implementing a 5% reserve ratio, starting from September 15. This move comes as China's economy has faced challenges following a faltering post-pandemic recovery, prompting the government to implement various policy measures, including stimulating housing demand.

via CNBC|

#central-bank #china #economic-recovery

finance3 years ago•1 min saved

Chinese government researcher suggests further rate cuts in second half of year.

China is likely to cut banks' reserve ratio and interest rates in the second half of 2021 to support its economy, according to policy advisors and economists. The country's economy rebounded faster than expected in Q1 but lost momentum at the beginning of Q2. Low inflationary pressures in China will provide room for monetary easing, said Zhang Ming, a researcher at the Chinese Academy of Social Sciences. China cut the reserve requirement ratio for the first time in 2023 in March but has kept its benchmark lending rate unchanged this year.

via Reuters|

#china #economy #finance

economics3 years ago•2 min saved

China's Central Bank Implements Surprise Reserve Ratio Cut to Aid Economic Recovery.

China's central bank has announced a cut in the amount of cash that banks must hold as reserves for the first time this year to help keep liquidity ample and support a nascent economic recovery. The People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio, by 25 basis points from March 27. The move, which came earlier than financial markets had anticipated, follows data showing a gradual but uneven recovery in the economy in the first two months of the year and a stronger-than-expected credit expansion.

via Reuters|

#central-bank #china #economic-recovery