The central bank decided to cut the RRR by 0.25 percentage points on April 25, releasing about 530 billion yuan of long-term funds

On April 15, the People’s Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on April 25, 2022 (excluding financial institutions that have implemented a 5% deposit reserve ratio) . The RRR cut has released a total of about 530 billion yuan in long-term funds. This RRR cut is a comprehensive RRR cut. Except for some corporate financial institutions that have implemented a 5% deposit reserve ratio, other financial institutions have generally lowered their deposit reserve ratio by 0.25 percentage points. For urban commercial banks that do not operate across provinces and rural commercial banks with a deposit reserve ratio higher than 5%, the deposit reserve ratio will be reduced by 0.25 percentage points, and an additional 0.25 percentage points will be reduced, which is conducive to increasing support for small and micro enterprises. and “three rural” support.

Related Ad

Comments (No)

Leave a Reply