Cash Reserve Ratio in China remained unchanged at 11.50 percent in January from 11.50 percent in December of 2021. source: People's Bank of China

Cash Reserve Ratio in China averaged 12.95 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 January of 2022.

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 2023, according to our econometric models.

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China Cash Reserve Ratio Big Banks


Related Last Previous Unit Reference
Interest Rate 3.80 3.80 percent Jan/22
Cash Reserve Ratio 11.50 11.50 percent Jan/22
Interbank Rate 2.57 3.23 percent Jan/22
Money Supply M1 64740.00 63750.00 CNY Billion Dec/21
Money Supply M0 9080.00 8740.00 CNY Billion Dec/21
Money Supply M2 238290.00 235601.28 CNY Billion Dec/21
Banks Balance Sheet 1130.00 1270.00 CNY Billion Dec/21
Foreign Exchange Reserves 3250000.00 3222000.00 USD Million Dec/21
Central Bank Balance Sheet 393114.26 394919.35 CNY HML Nov/21
Loans to Private Sector 23700.00 26141.00 CNY HML Dec/21
Deposit Interest Rate 0.35 0.35 percent Dec/21
Loan Growth 11.60 11.70 percent Dec/21
Liquidity Injections Via Reverse Repo 100.00 100.00 CNY Billion Jan/22
Reverse Repo Rate 2.10 2.20 percent Jan/22
Loans To Banks 1908947.00 1896294.50 CNY HML Nov/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