Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China cuts RRR for small, medium-sized banks

By Chen Jia | chinadaily.com.cn | Updated: 2020-04-03 17:16
Share
Share - WeChat
A teller counts cash at a bank branch in Hangzhou, capital of East China's Zhejiang province. [Photo by Hu Jianhuan/For China Daily]

BEIJING - The People's Bank of China, the central bank, announced on Friday to cut the cash amount reserved in some rural and city commercial banks, or the reserve requirement ratio, by 1 percentage point, with drops of 0.5 percentage points each on April 15 and May .

This will release about 400 billion yuan ($56.4 billion) in liquidity into the financial sector.

It also decided to cut the interest rate the central bank pays on excess reserves deposited by all financial institutions, or the IOER, to 0.35 percent from 0.72 percent, the first such cut in 12 years.

The central bank cut the IOER from 0.99 percent to 0.72 percent in 2008, to ease the headwinds of the global financial crisis.

On average, every small and medium bank will receive about 100 million yuan from the RRR cut, and it will save nearly 6 billion yuan in financing costs for these banks. The RRR for more than 4,000 small and medium depositary institutions will drop to 6 percent, a relatively low level historically according to the PBOC.

The two measures will further encourage commercial banks to increase credit to small and medium enterprises, and offset impact of the novel coronavirus on the economy, it said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 激情五月亚洲色图| 日本三级带日本三级带黄国产 | 欧美jizzhd精品欧美| 深夜福利影院在线观看| 求网址你懂你的2022| 欧美视频一区在线观看| 欧美日本高清在线不卡区| 最新免费jlzzjlzz在线播放| 李老汉在船上大战雨婷| 日韩在线观看完整版电影| 日本伊人色综合网| 日本中文字幕一区二区有码在线| 日本免费网站在线观看| 拍摄直播play文h| 性护士movievideobest| 夫妻免费无码V看片| 国产美女91视频| 国产成人A亚洲精V品无码| 国产成人在线电影| 出租屋换租妻小雯21回| 免费观看欧美一级特黄| 亚洲欧美另类国产| 亚洲色国产欧美日韩| 免费A级毛片在线播放不收费| 伊人色综合久久88加勒| 亚洲欧洲久久精品| 中文字日本乱码| 亚洲精品你懂的| 欧美黑人xxxx性高清版| 国产亚洲美女精品久久久2020| 8x8×在线永久免费视频| 女生张开腿给男生捅| 丰满少妇被猛烈进入无码| 最好看的最新中文字幕2018免费视频| 亚洲欧美国产日本| 男人肌肌捅女人肌肌视频| 啊灬啊灬别停啊灬用力| jyzzjyzz国产免费观看| 91老师国产黑色丝袜在线| 99久久免费国产香蕉麻豆| 精品国产自在现线看|