(07 May 2025, 10:35)

Economic Buzz: China cuts reserve requirement ratio, trims repo rate to boost liquidity

The PBoC cut the 7-day reverse repo rate by 10 basis points to 1.4 percent. The reserve requirement ratio was lowered to 9.0 percent from 9.50 percent. The reduction is set to release CNY 1 trillion liquidity into the financial system. In order to promote lending to the tech sector, the bank decided to increase re-lending fund by CNY 300 billion, PBoC Governor Pan Gongsheng said. For domestic consumption and elderly care, the bank will set up a CNY 500 billion, Pan said. The central bank also initiated a reduction in the housing provident fund loan rate to support the real estate sector.

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Economic Buzz: China cuts reserve requirement ratio, trims repo rate to boost liquidity