PBOC cuts RRR twice this year
- Categories:International Express Links
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- Time of issue:2021-12-11 11:20
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(Summary description)On December 6, the People's Bank of China announced that in order to support the development of the real economy and promote the stability of comprehensive financing costs, it lowered the deposit reserve ratio of financial institutions by 0.5 percentage points (excluding the 5% deposit reserve that has been implemented) on December 15. Gold rate financial institutions). This RRR cut will release about 1.2 trillion yuan of long-term funds, saving financial institutions 15 billion yuan in capital costs each year.
PBOC cuts RRR twice this year
(Summary description)On December 6, the People's Bank of China announced that in order to support the development of the real economy and promote the stability of comprehensive financing costs, it lowered the deposit reserve ratio of financial institutions by 0.5 percentage points (excluding the 5% deposit reserve that has been implemented) on December 15. Gold rate financial institutions). This RRR cut will release about 1.2 trillion yuan of long-term funds, saving financial institutions 15 billion yuan in capital costs each year.
- Categories:International Express Links
- Author:
- Origin:
- Time of issue:2021-12-11 11:20
- Views:
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