The People's Bank of China announced on Friday (March 17) that the deposit reserve ratio of financial institutions will be reduced by 0.25 percentage points on March 27.
According to the official website of the People's Bank of China, in order to promote the effective improvement of the economy and the reasonable growth of the amount, to play a good macro policy combination, improve the levelThe People's Bank of China decided to reduce the deposit reserve ratio of 0.25 percentage points (excluding financial institutions that have executed 5%deposit reserve rate) on March 27, 2023.After this reduction, the weighted average deposit reserve rate of financial institutions was about 7.6%.
The People's Bank of China will resolutely implement the spirit of the 20th National Congress of the Communist Party of China, the Central Economic Work Conference and the National Council of the National Congress.The dual functions and structural dual functions, maintain the total amount of currency credit and stable rhythm, maintain reasonable liquidity and abundant liquidity, maintain the growth rate of currency supply and the growth rate of social financing.In the link, do not engage in large water irrigation, take into account the balance of internal and external balance, and focus on promoting high -quality economic development.
