Cash Reserve Ratio in China increased to 12.50 percent in July from 12 percent in July of 2021. source: People's Bank of China

Cash Reserve Ratio in China averaged 12.98 percent from 1987 until 2021, reaching an all time high of 21.50 percent in June of 2011 and a record low of 6 percent in November of 1999. This page provides - China Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Cash Reserve Ratio Big Banks - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Cash Reserve Ratio in China is expected to be 12.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cash Reserve Ratio in China to stand at 12.50 in 12 months time. In the long-term, the China Cash Reserve Ratio Big Banks is projected to trend around 12.50 percent in 2022, according to our econometric models.

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China Cash Reserve Ratio Big Banks

Actual Previous Highest Lowest Dates Unit Frequency
12.50 12.00 21.50 6.00 1987 - 2021 percent Monthly


News Stream
PBoC Cuts RRR
The PBoC cut the reserve requirement ratio (RRR) for all banks by 50 bps on July 9th 2021, saying it is a routine operation as monetary policy returns to normal. The weighed average RRR for all financial institutions stands at 8.9% after the cut, although banks that are subject to an RRR of 5% will be exempted. The measure will free around CNY 1 trillion in long-term liquidity to help boost growth and repay maturing medium-term loan facility for financial institutions. The day before, the Chinese State Council had said it wants financial institutions to reduce fees and make profits, and benefit enterprises and people and hinted that the People’s Bank of China could boost lending to businesses, including by cutting the amount of money banks need to hold in reserve, or RRR.
2021-07-09
China Signals Monetary Easing
The Chinese State Council said in July it wants financial institutions to reduce fees and make profits, and benefit enterprises and people. The authority hinted that the People’s Bank of China could boost lending to businesses, including by cutting the amount of money banks need to hold in reserve, or RRR. The move raised prospects about easing monetary policy in China and increased concerns over a slowdown in the second largest economy. On May 31st 2021, the PBoC increased the FX reserve requirement ratio for financial institutions to 7% from 5%, aiming to freeze the yuan appreciation after it touched a 3-year high. The cash reserve ratio for big banks however, remained at 12.5%.
2021-07-08
China Lifts FX Ratio for Financial Institutions
The cash reserve ratio for big banks in China remained at 12.5% in May. However, the PBoC said on May 31st 2021 it will raise the FX reserve requirement ratio for financial institutions to 7% from 5%, effective from June 15th. It is the first such move since 2007, seen as a measure to freeze the yuan appreciation which recently touched a 3-year high against the USD, making it one of the best performing currencies so far this year.
2021-05-31