PBoC cuts bank RRRs
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
On Friday, the central bank (PBoC) cut the reserve requirement ratio (RRR) for small banks by 1 percentage point.
The deets:
The cut applies to rural financial institutions and city commercial banks that operate in only one province.
It will be carried out in two equal parts on April 15 and May 15....