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PBOC To Cut RRR for Financial Firms by 0.5 ppts from Next Thu, Trim RRR for Auto Finance & Leasing Firms by 5 ppts
The People’s Bank of China (PBOC) decided that, effective next Thursday, May 15, it will reduce the reserve requirement ratio (RRR) for financial institutions by 0.5 ppts (ex...
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PBOC To Cut RRR for Financial Firms by 0.5 ppts from Next Thu, Trim RRR for Auto Finance & Leasing Firms by 5 ppts
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The People’s Bank of China (PBOC) decided that, effective next Thursday, May 15, it will reduce the reserve requirement ratio (RRR) for financial institutions by 0.5 ppts (excluding those already at a 5% RRR).

This is to align with the spirit of the Central Economic Work Conference and the Government Work Report, and to enhance the foresight, targeting and effectiveness of macro regulation through a moderately loose monetary policy.

Related NewsExports YoY for Apr in China is 8.1%, lower than the previous value of 12.4%. The forecast was 1.9%.
Additionally, the RRR for auto finance companies and financial leasing companies will be trimmed by 5 ppts.

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