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The central bank will raise the reserve requirement ratio for financial institutions' RMB deposits by 0.5 percentage points.
Published Time:
2010-07-10
The People's Bank of China (PBOC) announced on May 10, 2010, a 0.5 percentage point increase in the reserve requirement ratio (RRR) for Chinese yuan (RMB) deposits at financial institutions. Rural credit cooperatives and village banks are exempt from this increase.
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The People's Bank of China (PBOC) announced on May 10, 2010, a 0.5 percentage point increase in the reserve requirement ratio (RRR) for RMB deposits at financial institutions. This increase does not apply to rural credit cooperatives and village banks. |