Yangzhou Fongmming Cable:On July 15th, the deposit reserve ratio of financial institutions was reduced by 0.5 percentage points

Views: 0     Author: Site Editor     Publish Time: 2021-07-12      Origin: Site

The central bank decided to lower the deposit reserve ratio of financial institutions by 0.5 percentage points on July 15 (excluding financial institutions that have implemented a 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions was 8.9%. The orientation of the prudent monetary policy has not changed. The RRR cut is a comprehensive RRR cut, which releases about 1 trillion yuan in long-term funds.

Since the beginning of this year, the prices of some commodities have continued to rise, and some small and micro enterprises have faced operational difficulties such as rising costs. China adheres to the stability and effectiveness of monetary policy. Support strength. In the next step, the People’s Bank of China will continue to implement a prudent monetary policy, adhere to the principle of stability, maintain a reasonable surplus of activities, adhere to the fundamental matching of the growth rate of the money supply and the scope of social financing with the nominal economic growth rate, do a good job of cross-cycle design, and support Small and medium-sized enterprises, green development, and technological innovation create a suitable monetary and financial environment for high-quality development and supply-side structural changes.



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