People’s Bank of China Cuts RRR by 1 Percent

Posted on 10/08/2018

The People’s Bank of China announced a 1% cut to its reserve requirement ratio for most banks, effective October 15, 2018. This central bank action will result in an estimated injection of 1.2 trillion RMB (US$ 175 billion) in cash into the banking system. Of that 1.2 trillion RMB amount, 450 billion RMB is targeted […]