综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

RRR for financial institutions drops to 9.4%: central bank

Xinhua | Updated: 2020-05-26 16:51
Share
Share - WeChat
A teller counts cash at a bank branch in Hangzhou, capital of East China's Zhejiang province. [Photo by Hu Jianhuan/For China Daily]

BEIJING - The average reserve requirement ratio (RRR) for financial institutions stood at 9.4 percent on May 15, down 5.2 percentage points from the beginning of 2018, the People's Bank of China (PBOC) said.

The PBOC has lowered the RRR 12 times since 2018, releasing about 8 trillion yuan ($1.12 trillion) in long-term funds to bolster the real economy.

Of the total, four RRR cuts in 2018 released 3.65 trillion yuan, five RRR cuts in 2019 released 2.7 trillion yuan and three RRR cuts in the first five months this year released 1.75 trillion yuan.

The RRR cuts have led to the contraction of the balance sheet of the PBOC, but this will not cause the tightening of money supply and is contrary to the balance sheet reduction of the central banks of the developed economies such as the US Federal Reserve to reduce the bond holdings, the PBOC said.

The contraction has a strong expansion effect and the main reason is that lowering the RRR means commercial banks will have less money locked up by the central bank and more money for free use, the PBOC said.

The RRR cuts have helped meet the liquidity demand of the banking system, boost support for small businesses, cut the social financing cost, promote the market-oriented and law-based debt-to-equity swaps, the central bank said.

The cuts have encouraged the rural financial institutions to serve local entities, supported the epidemic prevention and control as well as enterprise work resumption, and played a positive role in bolstering the real economy, the PBOC said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
新和县| 寻乌县| 汝阳县| 海城市| 庆城县| 纳雍县| 师宗县| 宣威市| 晋中市| 新竹市| 绍兴县| 安宁市| 南和县| 昌图县| 南漳县| 仁布县| 丹棱县| 宣威市| 迭部县| 三台县| 宜州市| 宁德市| 民乐县| 周至县| 灵川县| 南陵县| 汕尾市| 那曲县| 辽宁省| 鹿泉市| 怀集县| 武强县| 扎赉特旗| 保康县| 左贡县| 青河县| 乳山市| 水富县| 鄂托克前旗| 茶陵县| 佛坪县|