Zhongxin Finance, April 15. According to the website of the People's Bank of China, the People's Bank of China decided to reduce the deposit reserve ratio of financial institutions on April 25, 2022.
In order to support the development of the real economy and promote the stability of comprehensive financing costs, the People's Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on April 25, 2022 (excluding financial institutions that have implemented a 5% deposit reserve ratio). ).
In order to increase support for small and micro enterprises and "agriculture, rural areas and farmers", for urban commercial banks that do not operate across provinces and rural commercial banks with a deposit reserve ratio higher than 5%, on the basis of reducing the deposit reserve ratio by 0.25 percentage points, An additional 0.25 percentage point drop.
After this cut, the weighted average deposit reserve ratio of financial institutions was 8.1%.
The article stated that the People's Bank of China will adhere to the principle of stability, seek progress while maintaining stability, continue to implement a prudent monetary policy, avoid flooding, take into account internal and external balances, and better leverage the total and structural functions of monetary policy tools to maintain liquidity. Reasonable and abundant, maintain the growth rate of money supply and social financing scale basically match the nominal economic growth rate, stimulate market vitality, support financing in key areas and weak links, and create a suitable monetary and financial environment for high-quality development and supply-side structural reforms .
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