China Announces to Cut Reserve Ratio from Mar. 1 2015_SMM

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Home / Metal News / / China Announces to Cut Reserve Ratio from Mar. 1 2015

China Announces to Cut Reserve Ratio from Mar. 1 2015

Feb 29,2016 18:50

CST

industry news

Source:SMM

China's central bank announced to lower reserve requirement ratio on the last day of February, SMM learns.

SHANGHAI, Feb. 29 (SMM) – China's central bank announced to lower reserve requirement ratio on the last day of February, SMM learns.

The People’s Bank of China will reduce reserve requirements (RRR) by 50 basis points effective Mar. 1.

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