LINE

Text:AAAPrint
ECNS Wire

China cuts RRR by 0.5 percentage points

2024-09-27 09:58:20Ecns.cn Editor : Mo Honge ECNS App Download

(ECNS) -- China's central bank, the People's Bank of China, on Friday announced a cut in the reserve requirement ratio (RRR) by 0.5 percentage points for financial institutions. 

Starting Friday, the weighted average RRR for lenders will be set at 6.6 percent, while those having already implemented a 5 percent RRR will not be involved, according to a statement of the People's Bank of China.

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

LINE
Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2024 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]