China’s central bank today announced a cut in the reserve requirement ratio (RRR) by 0.5 percentage point for financial institutions.
The decision is part of the country’s recent stimulus package to boost the economy.
The weighted average RRR for lenders will be around 6.6 per cent beginning today, while those having already implemented a 5-per cent RRR will not be involved.
The decision is part of the country’s recent stimulus package to boost the economy.
The weighted average RRR for lenders will be around 6.6 per cent beginning today, while those having already implemented a 5-per cent RRR will not be involved.
