Zhongxin Finance, April 15. On the 15th, the People's Bank of China announced that it has decided to reduce the deposit reserve ratio of financial institutions on April 25, 2022.
On the same day, the People's Bank of China's website announced that the relevant person in charge of the People's Bank of China answered reporters' questions on the reduction of the deposit reserve ratio of financial institutions.
In response to the purpose of this RRR cut, the relevant person in charge of the central bank said that the current liquidity is at a reasonable and sufficient level.
The purpose of this RRR cut is to optimize the capital structure of financial institutions, increase the long-term stable capital sources of financial institutions, enhance the capital allocation capabilities of financial institutions, and increase support for the real economy.
The second is to guide financial institutions to actively use RRR cut funds to support industries and small, medium and micro enterprises severely affected by the epidemic.
The third is that this RRR cut will reduce the capital cost of financial institutions by about 6.5 billion yuan per year, and transmission through financial institutions can promote the reduction of comprehensive social financing costs.
How much money will this RRR cut release?
The relevant person in charge of the central bank said that the RRR cut has released a total of about 530 billion yuan of long-term funds.
This RRR cut is a comprehensive RRR cut. Except for some corporate financial institutions that have implemented a 5% deposit reserve ratio, other financial institutions have generally lowered their deposit reserve ratio by 0.25 percentage points.
For urban commercial banks that do not operate across provinces and rural commercial banks with a deposit reserve ratio higher than 5%, the deposit reserve ratio will be reduced by 0.25 percentage points, and an additional 0.25 percentage points will be reduced, which is conducive to increasing support for small and micro enterprises. and "three rural" support.
The official also said that the People's Bank of China will continue to implement a prudent monetary policy.
First, pay close attention to changes in price trends and keep prices generally stable.
The second is to pay close attention to the adjustment of monetary policies of major developed economies, taking into account internal and external balance.
At the same time, maintain a reasonable and sufficient liquidity, promote the reduction of comprehensive financing costs, and stabilize the macroeconomic market.
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