PBoC releases liquidity ahead of new year celebrations

Chinese dragon
Chinese new year falls on February 16

The People’s Bank of China has announced that targeted reserve requirement ratio cuts aimed at inclusive finance will take effect on January 25, releasing liquidity in time for the start of the Chinese new year holiday.

The targeted RRR cut was announced in September last year and will be implemented this year to support the development of inclusive finance business by banks. Analysts expect the cut will release around 700 billion yuan ($108 billion) into the market.

“At present, the relevant

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