China cuts rates to inject liquidity to banking system
發佈日期: 2025-05-07 10:49
TVB News
China's central bank flagged interest rate cuts and a liquidity injection into the banking system.
The reserve requirement ratio (RRR) to be cut by 0.5 percentage points, China's Governor Pan Gongsheng told a news briefing, providing about 1 trillion yuan in long-term liquidity.
China's central bank will also lower the borrowing cost of its seven-day reverse repurchase agreements, its benchmark interest rate, by 10 basis points (bps) to 1.40%, effective May 8. Other interest rates will drop in line with the key rate.
