Press "Enter" to skip to content

PBOC cut banks’ reserve requirement ratio to release 900 billion yuan funding, LPR cut expected

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

China’s People’s Bank of China (PBOC) on Friday cut the amount of funds that commercial banks have to hold in reserve and analysts believe the central bank will move to lower Loan Prime Rate - the new reference rate for banks' lending, in a move to spur the economic growth amid more signs of weakness and a prolonged trade war with the United States.

The PBOC said its reserve requirement ratio would be cut by 50 basis points, effective . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day

 

FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In

 

Top