China News Service, November 25. According to news from the website of the People's Bank of China on the 25th, in order to maintain a reasonable and sufficient liquidity, promote a steady decline in comprehensive financing costs, implement a package of policy measures to stabilize the economy, and consolidate the foundation of economic stabilization and upward growth, the People's Bank of China It is decided to
reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on December 5,
2022
(excluding financial institutions that have implemented a 5% deposit reserve ratio).
After this reduction, the weighted average deposit reserve ratio of financial institutions is about 7.8%.
The People's Bank of China will resolutely implement the spirit of the 20th National Congress of the Communist Party of China, increase the implementation of prudent monetary policy,
focus on supporting the real economy, refrain from flooding
, take into account internal and external balance, and better play the dual functions of monetary policy tools in terms of aggregate and structure , maintain reasonable and sufficient liquidity, keep the growth rate of money supply and social financing scale basically matching the nominal economic growth rate, support financing in key areas and weak links, and promote the effective improvement of quality and reasonable growth of the economy.
(China New Finance and Economics)
Screenshot of website.