Press "Enter" to skip to content

PBOC cut reserve ratios for some banks to release 550 billion yuan funding, analysts now expect rate cut


Chinese central bank said on Friday it was cutting the amount of cash that some qualifying banks must hold as reserves for the second time this year, releasing 550 billion yuan in liquidity to support the economy, which has been jolted by a coronavirus outbreak.

The People’s Bank of China (PBOC) said that it would cut the reserve requirement ratio (RRR) by 50-100 basis points for banks that have met inclusive financing targets, which will . . .

To continue reading, please subscribe. You will get


  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 


FREE TRIAL cancel anytime

Grab the Special Offer ! Get Yuan Talks full service at $0.6 a day!


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

Already have an account? Sign In