China Lowers Reserve Requirement Ratio For Rural Lenders

Posted on Apr 22, 2014

The People's Bank of China on Tuesday said it will lower the share of deposits that rural lenders need to set aside as cash with central bank. The bank said the reserve requirement ratio for rural commercial banks will be reduced by 2 percent points, effective Friday. The RRR for rural cooperative banks was reduced by 0.5 percentage point.

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