PBOC cut banks’ reserve requirement ratio by 25 basis points to release 530 billion yuan liquidity

THE WIRE - Up-to-the-minute news updates walk you through every trading day!

Chinese central bank said on Friday it would cut the amount of cash that banks are required to hold as reserves for the first time this year to boost the slowing economy.

The People's Bank of China (PBOC) will cut banks' reserve requirement ratio (RRR) by 25 basis points, with banks currently implementing RRR lower than 5% excluded, taking effect from April 25, the central bank said on Friday.

SIGN IN  OR SUBSCRIBE TO GET UNLIMITED ACCESS. 

Top