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China's first RRR cut for financial institutions in 2025 takes effect

NAMPA / Xinhua
2025-05-15
BEIJING, May 15 (Xinhua) -- A 0.5-percentage points reduction in the reserve requirement ratio (RRR) for eligible financial institutions takes effect Thursday, with the move expected to inject roughly 1 trillion yuan (about 139 billion U.S. dollars) of long-term liquidity into the financial market. The RRR cut, the first such move since the start of this year, was announced last week by the People's Bank of China, China's central bank. The......
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ONDANGWA, 13 May 2025 - The Executive Director of the Ministry of Mines and Energy, Ben Nangombe during the electricity acceleration engagement held in Ondangwa on Tuesday.

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