Skip to main content

PBoC announces biggest cut in banks’ reserve ratios for two years

Governor says 50bp reduction will free up 1 trillion yuan into financial system

pboc building
The People’s Bank of China

The People’s Bank of China (PBoC) has announced the biggest cut for more than two years in the amount of cash that banks are required to keep in reserve.

The central bank’s governor Pan Gongsheng told a press conference today (January 24) that the reserve requirement ratio (RRR) for financial institutions would be lowered by 50 basis points ton February 5. It is the biggest such cut since December 2021.

The cut will take the average weighted RRR for financial institutions to around 7%. Pan said

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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

.