China to cut bank reserve requirement ratio by 50 bps

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China to cut bank reserve requirement ratio by 50 bps

breakingthenews.net/Article/China-to-cut-bank-reserve-requirement-ratio-by-50-bps/64054146

The People's Bank of China (PBoC) announced on Wednesday it would cut the amount of cash that commercial banks have to have on hand, known as the reserve requirement ratio (RRR), by 50 basis point...

This story appeared on breakingthenews.net, 2025-05-07 01:28:00.