Off the wire
• Urgent: Egypt court sentences 11 to death over bloody soccer riot  • Israel slams Russia's supply of S-300 missiles to Iran  • Feature: China-aided highway changes life of Pakistanis  • China lowers electricity price for grid, enterprise users  • Iran vows not to hesitate to defend itself against military threats  • Urgent: China's central bank cuts RRR by one percent  • Sri Lanka agrees to debate key constitutional reforms  • Sri Lanka's main Tamil party denies links to rebels  • China unveils measures to boost exhibition industry  • 1st LD-Writethru: Hunan arson suspect surrenders  
You are here: 　 Home

1st LD: China's central bank cuts RRR by one percentage point

Xinhua, April 19, 2015 Adjust font size:

China will lower the reserve requirement ratio (RRR) for all financial institutions by one percentage point starting Monday, the People's Bank of China announced on Sunday.

An extra one-percentage RRR cut will be given to commercial banks for agricultural services and an additional reduction of two percentage points to the Agricultural Development Bank of China.

The central bank will further lower RRR by 0.5 percentage point for eligible banks that lend a certain amount of loans to agricultural borrowers or small and micro businesses. Endi