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Taipei, May 21, 2012 (CENS) -- China Banking Regulatory Commission (CBRC) recently announced raising the required loan reserve ratio to 2.
Fitch expects Chinese banks to require large funding support this year to meet credit and forbearance needs The People's Bank of China announced Saturday a second 50bp cut in three months to the required reserve ratio (RRR) for Chinese banks, which will come into force Friday.
Reserve ratio The Reserve Bank on January 24 lowered the amount of deposits lenders need to set aside as reserves for the first time since 2009 and signalled future interest-rate cuts, moving to shield growth from the impact of Europe's debt crisis.
5 percent, and increased the required reserve ratio by 200 basis points to ensure an overall tightening of monetary policy.
25% and reduce the required reserve ratio by 2 percentage points to 6 percent as of April 1, 2010.
25% and reduce the required reserve ratio by 2 percentage points to 6 percent as of April 1, 2010.