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

iconSep 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.

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%.

Macro economy

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