PBoC denies reserve ratio rumour and seeks police investigation

pboc building
The PBoC

The People’s Bank of China has denied market rumours that it will slash the reserve requirement ratio for banks starting from April 1 – a rare move by the central bank as it seldom responds to hearsay.

The PBoC said it is also seeking a police investigation into the rumour’s circulation last week on social media, according to Financial News, its official publication.

“The news today that the PBoC will slash banks’ reserve requirement ratio by 0.5 percentage points is not true,” the central

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: