China's central bank lowered the reserve requirement ratio for banks in a surprise move on Monday.
The renminbi deposit reserve requirement ratio was reduced by 50 basis points, the People's Bank of China said in a statement on its webite.
The reduction in reserve requirement will help to maintain adequate liquidity in the financial system, guide steady moderate growth of money and credit and boost supply-side structural reforms to improve the monetary and financial environment, the bank said in a statement on its website.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.