The People’s Bank of China announced the first reserve-ratio requirement (RRR) cut of 2012 today, as a sign of further loosening of monetary policies to propel lending and sustain economic growth. The 50bps cut, effective as of February 24, will allow large banks to have 20.5% RRR and small banks to have 18.5% RRR. The RRR cut is set to…
To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].
Subscriber Only Content
This article is available on a corporate subscription with Asian Private Banker. Please login or subscribe to view this content.
Need help? Please see our FAQ Guide or email [email protected]
Have a confidential tip? Get in touch [email protected]
