China News Service, May 15 (Xinhua) According to the central bank's website, starting from April 15, 2020, the People's Bank of China will lower the deposit reserve ratio by 1 percentage point for rural financial institutions and urban commercial banks operating only in provincial administrative regions. , In place in two implementations, each time reduced by 0.5 percentage points. Today, the second deposit reserve ratio adjustment for the implementation of the policy released about 200 billion yuan of long-term funds. At the same time, the People's Bank of China launched a medium-term loan facility (MLF) operation of 100 billion yuan. No reverse repurchase operation will be carried out today.
Screenshot of the central bank's website