China to Lower Bank Reserve Ratio

China’s central bank the People’s Bank of China (PBOC)  said on Tuesday it will cut the bank reserve requirement ratio (RRR) – currently at 17% for large institutions and 15% for smaller banks – by 100 basis points (bps).

The cut is effective on April 25 and applies to most banks, with the exception of policy lenders such as China Development Bank.

 

Leave a Reply

Your email address will not be published. Required fields are marked *