The People's Bank of China lowered the reserve requirement ratio (RRR) for banks by 50 bps on December 6th 2021, the second cut this year, aiming to promote a steady decline in financing costs. The RRR for big banks now stands at 11.5% and the weighted average RRR for financial institutions at 8.4%. The RRR reduction will not apply to financial institutions with existing RRR of 5%. The cut will be effective from December 15th and will release CNY 1.2 trillion in long-term liquidity to boost economic growth while lowering capital costs for financial institutions by around CNY 15 billion. The cut however, does not mean a change in monetary policy, the central bank noted. source: People's Bank of China

Cash Reserve Ratio in China averaged 12.96 percent from 1987 until 2021, reaching an all time high of 21.50 percent in June of 2011 and a record low of 6 percent in November of 1999. This page provides - China Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Cash Reserve Ratio Big Banks - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Cash Reserve Ratio in China is expected to be 11.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Cash Reserve Ratio Big Banks is projected to trend around 11.00 percent in 2022, according to our econometric models.

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China Cash Reserve Ratio Big Banks


Related Last Previous Unit Reference
Interest Rate 3.85 3.85 percent Dec/21
Cash Reserve Ratio 11.50 12.00 percent Dec/21
Interbank Rate 3.54 3.50 percent Dec/21
Money Supply M1 62610.00 62464.57 CNY Billion Oct/21
Money Supply M0 8610.00 8686.71 CNY Billion Oct/21
Money Supply M2 233620.00 234282.97 CNY Billion Oct/21
Foreign Exchange Reserves 3222000.00 3218000.00 USD Million Nov/21
Central Bank Balance Sheet 394919.35 391973.65 CNY HML Oct/21
Banks Balance Sheet 826.20 1660.00 CNY Billion Oct/21
Loans to Private Sector 15900.00 29000.00 CNY HML Oct/21
Deposit Interest Rate 0.35 0.35 percent Nov/21
Loan Growth 11.90 11.90 percent Oct/21
Reverse Repo Rate 2.20 2.20 percent Dec/21
Liquidity Injections Via Reverse Repo 10.00 10.00 CNY Billion Dec/21
Loans To Banks 1896294.50 1887963.25 CNY HML Oct/21
Lending Rate 4.35 4.35 percent Oct/21

News Stream
PBoC Cuts Reserve Ratio
The People's Bank of China lowered the reserve requirement ratio (RRR) for banks by 50 bps on December 6th 2021, the second cut this year, aiming to promote a steady decline in financing costs. The RRR for big banks now stands at 11.5% and the weighted average RRR for financial institutions at 8.4%. The RRR reduction will not apply to financial institutions with existing RRR of 5%. The cut will be effective from December 15th and will release CNY 1.2 trillion in long-term liquidity to boost economic growth while lowering capital costs for financial institutions by around CNY 15 billion. The cut however, does not mean a change in monetary policy, the central bank noted.
2021-12-06
PBoC Cuts RRR
The PBoC cut the reserve requirement ratio (RRR) for all banks by 50 bps on July 9th 2021, saying it is a routine operation as monetary policy returns to normal. The weighed average RRR for all financial institutions stands at 8.9% after the cut, although banks that are subject to an RRR of 5% will be exempted. The measure will free around CNY 1 trillion in long-term liquidity to help boost growth and repay maturing medium-term loan facility for financial institutions. The day before, the Chinese State Council had said it wants financial institutions to reduce fees and make profits, and benefit enterprises and people and hinted that the People’s Bank of China could boost lending to businesses, including by cutting the amount of money banks need to hold in reserve, or RRR.
2021-07-09
China Signals Monetary Easing
The Chinese State Council said in July it wants financial institutions to reduce fees and make profits, and benefit enterprises and people. The authority hinted that the People’s Bank of China could boost lending to businesses, including by cutting the amount of money banks need to hold in reserve, or RRR. The move raised prospects about easing monetary policy in China and increased concerns over a slowdown in the second largest economy. On May 31st 2021, the PBoC increased the FX reserve requirement ratio for financial institutions to 7% from 5%, aiming to freeze the yuan appreciation after it touched a 3-year high. The cash reserve ratio for big banks however, remained at 12.5%.
2021-07-08