People's Bank of China cuts the deposit reserve requirement ratio

Market news

29 February 2016

People's Bank of China cuts the deposit reserve requirement ratio

The People's Bank of China (PBoC) announced on Monday that it lowered the deposit reserve requirement ratio by 50 basis points to 17%. The cut should help to provide enough liquidity in the financial system.

The ratio cut will be effective from Tuesday.

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European Central Bank purchases €12.15 billion of government and agency bonds last week

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