Central Bank to Cut Reserve Requirement Ratio for Smaller Locally Focused Lenders

2019年05月06日 20:16 来源于财新网

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People’s Bank of China announces ‘unexpected’ mid-May rate cut that will inject 280 billion yuan into the market

: Wang Qian, an employee with a rural bank in Zaozhuang, Shandong province, issues small loans to villagers on April 3. Photo: IC Photo

China’s central bank said Monday it will cut the amount of cash banks must keep in reserve for some small and midsize locally focused lenders from May 15, in a new easing measure to support the economy as external uncertainties increase.

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