deposit reserve ratio
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The People’s Bank of China has decided to reduce the deposit reserve ratio of financial institutions on March 27, 2023
It is reported that the People’s Bank of China has decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on March 27, 2023 (excluding financial institutions that have implemented a 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions is about 7.6%. Interpretation of this information: The announcement that the People’s Bank of China (PBOC) will reduce the deposit reserve ratio of their financial institutions by 0.25 percentage points on March 27, 2023 is significant news for the…