• Refine News & Events…
  • Department
  • Commodity (All)
  • Date
  • Archive

Links to previous press releases are below.

News X

China Lowers Banks' Reserves Requirements

Economy

The People's Bank of China has reduced the reserve requirement ratio (RRR) for all banks by 1.0 percentage points to 18.5%, to be effective from 20 April, Reuters reports. This is the second time RRR has been cut this year, it is now at its lowest level since the end of 2010.