PBoC cuts RRR amid growing instability

pboc building
The People's Bank of China has announced a fresh round of RRR cuts

In a widely expected move, the People’s Bank of China has announced the third cut in the reserve requirement ratio (RRR) this year, releasing 700 billion yuan ($108 billion) into the economy.

The reduction, which aimed to support lending to smaller firms and the “debt-to-equity swap programme”, was announced on Sunday evening (June 24), following through on the government’s recent rhetoric on rate cuts. 

It also followed outspoken comments from governor Yi Gang and other central bank officials

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: