China cuts some banks' reserve requirement ratios

Source: Xinhua| 2018-04-18 00:39:49|Editor: Chengcheng
Video PlayerClose

BEIJING, April 17 (Xinhua) -- China's central bank announced Tuesday it will cut the reserve requirement ratio (RRR) for most commercial and foreign banks.

The People's Bank of China (PBOC) will cut the RRR for most banks by 1 percentage point from April 25 to help small businesses, and to improve overall stability and liquidity in the economy. The move does not include policy lenders such as the China Development Bank.

Funds released will be used to pay back medium-term lending facilities, according to the PBOC website.

"The move aims to create a sound environment for high-quality growth and supply-side structural reform," it said.

The central bank said it will keep monetary policy prudent and neutral, maintain a stable, reasonable level of liquidity, and oversee moderate growth of financial credit and social financing.

The RRR cut comes after GDP expanded 6.8 percent year on year in the first quarter, unchanged from the previous quarter.

A targeted RRR cut earlier this year encouraged inclusive financing by commercial banks, such as credit support for small and micro enterprises, startups and agricultural production.

The PBOC has recently managed market liquidity through targeted moves rather than across-the-board adjustments of interest rates or RRR.

The last cut to the benchmark RRR was in March of 2016, when the rate was lowered by 0.5 percentage point.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001371181541
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
中文字幕无吗热视频 | 日韩精品一区二区三区中文在线 | 在线看片免费人成视频国产片 | 亚洲一区污色多多 | 亚洲国产成a人v在线观看 | 香蕉啪视频在线是看 |