The People's Bank of China: Today, it lowered the reserve requirement ratio for financial institutions by 0.5 percentage points, releasing long-term funds of approximately 1 trillion yuan.
On February 5th, the People's Bank of China lowered the reserve requirement ratio for financial institutions by 0.5 percentage points, releasing long-term funds of approximately 1 trillion yuan. At the same time, it conducted a 100 billion yuan reverse repurchase operation through interest rate bidding.
On February 5th, Zhitong App's core, the People's Bank of China (PBOC) lowered the reserve requirement ratio for financial institutions by 0.5 percentage points, releasing long-term funds of approximately 1 trillion yuan. At the same time, it conducted a 100 billion yuan reverse repurchase operation through interest rate bidding.
This article is selected from the official website of the People's Bank of China, edited by Liu Jiayin from Zhitong App.