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PBOC: Announced Structural Monetary Policy Rate/ Provident Fund Loan Rate Cut by 0.25 ppts; Deposit Reserve Ratio for Car Leasing Firms Lowered
Pan Gongsheng, Governor of the People's Bank of China (PBOC), announced while introducing the "Financial Policy Package to Stabilize the Market and Expectations" that...
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PBOC: Announced Structural Monetary Policy Rate/ Provident Fund Loan Rate Cut by 0.25 ppts; Deposit Reserve Ratio for Car Leasing Firms Lowered
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Pan Gongsheng, Governor of the People's Bank of China (PBOC), announced while introducing the "Financial Policy Package to Stabilize the Market and Expectations" that the published rate for structural monetary policy and provident fund loan rate will each be reduced by 0.25 ppts.

At the same time, the deposit reserve ratio for auto leasing companies will be lowered.

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