world

China's central bank to cut RRR by 0.5 percentage points

Font size+Author:Culture Corridor news portalSource:health2024-05-21 15:12:56I want to comment(0)

(ECNS)-- The People's Bank of China, the country's central bank, will lower the reserve requirement

(ECNS)-- The People's Bank of China, the country's central bank, will lower the reserve requirement ratio by 0.5 percentage points, effective on Feb. 5, Pan Gongsheng, its governor, said at a press conference on Wednesday. 

It will provide the market with approximately 1 trillion yuan in long-term liquidity, Pan added.

 

Related articles
  • Baby Reindeer's real

    Baby Reindeer's real

    2024-05-21 14:21

  • China's Online Payment Users Top 900 Mln: Report

    China's Online Payment Users Top 900 Mln: Report

    2024-05-21 13:58

  • Cultural and Creative Products Fair Held in Tibet Museum

    Cultural and Creative Products Fair Held in Tibet Museum

    2024-05-21 13:23

  • China Strengthens Efforts to Protect Asian Elephants

    China Strengthens Efforts to Protect Asian Elephants

    2024-05-21 13:04

Netizen comments