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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.

   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.

   The PBOC had previously raised the RRR for RMB deposits at financial institutions by 0.5 percentage points on two occasions this year: January 18 and February 25.