MNI BRIEF: PBOC To Cut RRR By 50 Bps
May-07 01:12
China+ 1
The People’s Bank of China will cut banks’ reserve requirement ratio by 50 bps, PBOC Governor Pan Gongsheng told a press conference on Wednesday.
The first RRR cut this year, following two cuts by a total 100 bps in 2024, is expected to release a total CNY1 trillion of long-term funds, Pan said.
