Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

PBOC's Yi Gang sees "some room" exists for cuts in the reserve requirement ratio - Xinhua

FXstreet.com Monday, 11 March 2019
There is room for the People's Bank of China (PBOC) to lower the reserve requirement ratio, but such room is much smaller than a few years ago, Yi Gang, governor of the People's Bank of China (PBOC) said on Sunday, according to Xinhua. 

China's overall reserve ratio, or required reserve ratio plus excess reserve ratio, currently stands at roughly 12 percent. 

Since the beginning of 2018, the central bank has lowered the reserve requirement ratio by a total of 3.5 percentage points in five cuts. 

*Key quotes*

China to keep prudent monetary policy to "right degree".

China, US reach consensus on many key, important exchange rate issues.

China to open bond market wider to overseas investors.
0
shares
ShareTweetSavePostSend
 

You Might Like


Other recent news in Markets

Tron CEO Justin Sun Hints at Partnership With LIVERPOOL FC, LIVERPOOL DeniesSIX FLAGS ENTERTAINMENT CORP (SIX) Q1 2019 Earnings Call Transcript
SAUDI ARABIA’s Dream Of $85 Oil Is Closer Than EverFord To Invest $500 Mln In Electric Truck Maker RIVIAN
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.