The People's Bank of China Lowered The Reserve Requirement Ratio For Financial Institutions

The People's Bank of China Lowered The Reserve Requirement Ratio For Financial Institutions

HAIAN, CHINA - SEPTEMBER 15, 2023 - A staff member counts Chinese Yuan at a bank's personal finance business service area in Haian, East China's Jiangsu province, Sept 15, 2023. The People's Bank of China announced on September 14 that the People's Bank of China decided to cut the deposit reserve ratio of financial institutions by 0.25 percentage points on September 15, 2023 (excluding financial institutions that have implemented the 5% deposit reserve ratio). After this cut, the weighted average deposit reserve ratio of financial institutions will be about 7.4%. (Photo by Costfoto/NurPhoto)

  • Product Code
  • ILEA001730216
  • Registered date
  • 2023/9/15 00:00:00
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  • NurPhoto / Kyodo News Images
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  • Costfoto/NurPhoto
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