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China's central bank on Friday announced a cut in the amount of cash that banks must hold as reserves, which is expected to free up 530 billion yuan ($82.95 billion) in long-term liquidity, as part of the country's efforts to support development of the real economy and reduce comprehensive financing costs.
China's central bank on Friday said it has decided to cut the reserve requirement ratio (RRR) for financial institutions from April 25 to support the development of the real economy and reduce comprehensive financing costs.
© Provided by Xinhua BEIJING, April 15 (Xinhua) -- China central bank on Friday said it has decided to cut the reserve requirement ratio (RRR) for fina
BEIJING, April 15 (Xinhua) -- China central bank on Friday said it has decided to cut the reserve requirement ratio (RRR) for financial institutions from April
Economic Watch: China to cut reserve requirement ratio-