POBC will lower the deposit reserve ratio of financial institutions by 0.25 percentage points_SMM

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Home / Metal News / Copper / POBC will lower the deposit reserve ratio of financial institutions by 0.25 percentage points

POBC will lower the deposit reserve ratio of financial institutions by 0.25 percentage points

Sep 15, 2023 18:13

Source:SMM

The People’s Bank of China decided to lower the deposit reserve ratio of financial institutions by 0.25 percentage points on September 15, 2023, excluding financial institutions that already implemented a 5% deposit reserve ratio. After this reduction, the weighted average deposit reserve ratio of financial institutions will be approximately 7.4%.

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