News & Feeds November 27, 2022

China’s central bank cuts RRR to support economy

The People’s Bank of China cut the required reserve ratio by 0.25 percentage points to support economic growth, as the economy continues to be dragged down by the rising number of Covid cases and real estate crisis. China’s central bank to cut RRR by 0.25 percentage points from 5 December: China’s central bank, the PBoC, is going to cut its required reserve ratio (RRR) by 0.25 percentage points from 5 December, for all banks except those already charging a 5% RRR. This should release CNY500 billion of liquidity for banks to lend out. The last time the PBoC cut the RRR was in April. How can the PBoC get the most out