Experts weigh in on central bank move to cut RRR
By Yu Xiaoming |
chinadaily.com.cn |
Updated: 2020-01-02 14:25
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The People's Bank of China (PBOC), China's central bank, decided on Wednesday to cut the reserve requirement ratio (RRR) for financial institutions by 50 basis points from Jan 6 to spur the real economy.
The move will cut the cash that lenders must hold as reserves, releasing about 800 billion yuan ($114.6 billion) of long-term liquidity to bolster the economy and reduce social financing costs.
Let's take a look what experts say about it.
