Central Bank: There is room for further reductions in the deposit reserve ratio, but there is limited space
Beijing News (Reporter Cheng Weimiao) On January 16th, at the press conference on financial statistics, Sun Guofeng, director of the central bank ’s monetary policy department, said that after the central bank announced the RRR cut on January 1, the current average statutory deposit reserve for financial institutions The reserve ratio is 9.9%. The minimum reserve requirement ratio for small and medium-sized banks has fallen to 6%. At present, China’s statutory reserve ratio is at a moderate level. According to the needs of macro-control, there is room for further reduction of the reserve requirement ratio, but there is limited space.
Beijing News reporter Cheng Weimiao
Edited by Chen Shiyi Proofreader Yan He