Steady growth year the second drop
Can free up liquidity in the banking system by more than $ 400 billion People’s Bank of China released 12th said that from the 18th, lowered deposit financial institutions renminbi deposit reserve rate 0.5%. Analysts believe that April economic data showing price rises down and the economy down, ‘s Reserve Bank lowered reserve requirements intended to “steady growth”. This is cut deposit reserve ratio for the second time since the Central Bank this year, is also cut deposit reserve ratios for the third time since 2011. After the cut, large financial institutions deposit reserve rate fell to 20%, small and [...]