Cash Reserve Ratio in China remained unchanged at 12.50 percent in January from 12.50 percent in December of 2020. source: People's Bank of China

Cash Reserve Ratio in China averaged 12.98 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 January of 2021.

Cash Reserve Ratio in China is expected to be 12.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cash Reserve Ratio in China to stand at 12.50 in 12 months time. In the long-term, the China Cash Reserve Ratio Big Banks is projected to trend around 12.50 percent in 2022, according to our econometric models.

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China Cash Reserve Ratio Big Banks

Actual Previous Highest Lowest Dates Unit Frequency
12.50 12.50 21.50 6.00 1987 - 2021 percent Monthly


News Stream
PBoC Lowers RRR for Big Banks to 11%
The People's Bank of China announced on May 26th it had cut the reserve requirement ratio (RRR) for big banks by 150bps to 11 percent, aiming to support the economy hurt by the Covid-19 pandemic. Last month, the central bank had already slashed RRR for mid-sized and small banks by 100bps, in two phases, releasing around CNY 400 billion.
2020-05-26
PBoC Cuts RRR for Small Banks amid Covid-19 Crisis
The People's Bank of China announced it will cut the reserve requirement ratio for mid-sized and small banks by 100bps, in two phases, releasing around CNY 400 billion to support the economy hurt by the Covid-19 pandemic. The first cut of 50bps will be effective as of April 15th, and second cut of another 50bps will be effective as of May 15th. In addition, financial institutions' excess reserve requirement ratio with the central bank would be reduced to 0.35 percent from 0.72 percent, effective April 7th. Meanwhile, the reserve requirement ratio (RRR) for large banks was kept at 12.5 percent.
2020-04-03
PBoC Cuts RRR for Some Banks
The People's Bank of China lowered the reserve requirement ratio by 50-100bps for banks that have met inclusive financing targets on March 13th, but held the ratio for large banks at 12.5 percent. It was the second cut this year, allowing the release of CNY 550 billion, or USD 79 billion, in liquidity to support the economy hurt by the Covid-19 pandemic. The bank also said it was slashing the RRR for qualified joint-stock banks by an additional 100 bps.
2020-03-13