• People’s Bank of China (PBOC) announces Reserve Requirement Ration (RRR) cut for some banks

Market news

13 March 2020

People’s Bank of China (PBOC) announces Reserve Requirement Ration (RRR) cut for some banks

  • PBOC to cut RRR by 0.50% to 1.00% for banks under its inclusive finance scheme

  • Cuts RRR by additional 1.00% for joint-stock banks

  • Targeted RRR cuts to unleash ¥550 billion to the banking system

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.