The People's Bank of China announced that effective 24th February 2012, it will lower the reserve requirement ratio by 50 basis point to 20.5 percent for large commercial banks, underling its efforts to ease short-term credit crunch. The cut is the second time in three months. The move releases an estimated 400 billion yuan in capital into the market.
The bank in December 2011 cut the reserve requirement ratio by 50 basis points for the first time since December 2008.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.