China lowers reserve requirements after premier’s intervention

people-s-bank-of-china
PBoC headquarters

China’s central bank cut the reserve requirement ratio (RRR) today (September 6), after premier Li Keqiang called for lower funding costs to support the country’s slowing economy.

The People’s Bank of China (PBoC) will lower the RRR by 50 basis points for financial institutions, and further reduce the requirement by 100 basis points for smaller banks, the central bank said in a statement. The former move is effective from September 16, while the additional targeted cut will take place in two

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: