Cash Reserve Ratio in China remained unchanged at 11.25 percent in July from 11.25 percent in June of 2022. source: People's Bank of China

Cash Reserve Ratio in China averaged 12.93 percent from 1987 until 2022, 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 July of 2022.

Cash Reserve Ratio in China is expected to be 11.00 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 2023, according to our econometric models.

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China Cash Reserve Ratio Big Banks

Related Last Previous Unit Reference
Interest Rate 3.70 3.70 percent Jul 2022
Cash Reserve Ratio 11.25 11.25 percent Jul 2022
Interbank Rate 3.11 2.35 percent Jul 2022
Money Supply M1 64510.00 63613.90 CNY Billion May 2022
Money Supply M0 9550.00 9562.65 CNY Billion May 2022
Money Supply M2 252700.00 249971.09 CNY Billion May 2022
Foreign Exchange Reserves 3128000.00 3120000.00 USD Million May 2022
Central Bank Balance Sheet 385319.77 389336.03 CNY HML May 2022
Banks Balance Sheet 1890.00 645.40 CNY Billion May 2022
Loans to Private Sector 27900.00 9102.00 CNY HML May 2022
Deposit Interest Rate 0.35 0.35 percent Jun 2022
Loan Growth 11.00 10.90 percent May 2022
Reverse Repo Rate 2.10 2.10 percent Jul 2022
Loans To Banks 2026603.74 2007906.57 CNY HML May 2022
Liquidity Injections Via Reverse Repo 10.00 10.00 CNY Billion May 2022
Lending Rate 4.35 4.35 percent Oct 2021

News Stream
The People's Bank of China lowered the reserve requirement ratio (RRR) for most banks by 25 basis points and for smaller banks by 50 basis points on April 15th 2022, effective from April 25th. The move will release about CNY 530 billion in long-term liquidity to bolster the economy. Markets were expecting the central bank to cut the RRR after China's cabinet pledge to do so amid risks to growth arising from new covid-19 outbreaks, a weak property market and the war in Ukraine. The RRR was also lowered for an additional 25bps for some smaller rural and urban commercial banks. In December, the central bank also lowered the RRR but by a bigger 50bps.
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.
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.