Cash Reserve Ratio in China increased to 11 percent in March from 10.75 percent in March of 2023. source: People's Bank of China

Cash Reserve Ratio in China averaged 12.89 percent from 1987 until 2023, reaching an all time high of 21.50 percent in June of 2011 and a record low of 6.00 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 March of 2023.

Cash Reserve Ratio in China is expected to be 10.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Cash Reserve Ratio Big Banks is projected to trend around 10.50 percent in 2024, according to our econometric models.

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China Cash Reserve Ratio Big Banks



Related Last Previous Unit Reference
Interest Rate 3.65 3.65 percent Mar 2023
Cash Reserve Ratio 11.00 10.75 percent Mar 2023
Interbank Rate 3.30 2.99 percent Mar 2023
Money Supply M1 65790.00 65520.00 CNY Billion Feb 2023
Money Supply M0 10760.00 11460.00 CNY Billion Feb 2023
Money Supply M2 275520.00 273810.00 CNY Billion Feb 2023
Banks Balance Sheet 1810.00 4900.00 CNY Billion Feb 2023
Foreign Exchange Reserves 3133153.00 3184462.00 USD Million Feb 2023
Central Bank Balance Sheet 422064.71 416783.78 CNY HML Jan 2023
Loans to Private Sector 31600.00 59800.00 CNY HML Feb 2023
Loan Growth 11.60 11.30 percent Feb 2023
Deposit Interest Rate 0.35 0.35 percent Feb 2023
Reverse Repo Rate 2.00 2.00 percent Mar 2023
Liquidity Injections Via Reverse Repo 67.00 182.00 CNY Billion Mar 2023
Loans To Banks 2187392.88 2130060.36 CNY HML Jan 2023
Lending Rate 4.35 4.35 percent Oct 2022


News Stream
China Cuts Reserve Ratio
The People's Bank of China cut the reserve requirement ratio for financial institutions by 25bps on March 17th 2023, effective from March 27th. It is the first rate cut in banks' reserve ratio since December, in an attempt to stimulate the economy, keep liquidity reasonably ample and better supply key areas, weak links. The RRR for big banks now stands at 10.75%, a fresh low since mid-2007 while the weighted average ratio for financial institutions stands at around 7.6%. The move was in line with market expectations, after PBoC governor Yi Gang recently said that "a reduction in the reserve requirement ratio would be an effective way to inject liquidity", but also noticed that there was limited room for policy rate cuts.
2023-03-17
China Cuts RRR by 25bps
The People's Bank of China cut the reserve requirement ratio for financial institutions by 25bps on November 25th 2022, effective from December 5th releasing around CNY 500 billion in long-term liquidity in an attempt to boost economic recovery. It follows a similar move in April. The RRR for big banks now stands at 11%, the lowest since mid-2007 while the weighted average ratio for financial institutions stands at 7.8%. The central bank also added that it will step up the implementation of prudent monetary policy and will keep liquidity reasonably ample.
2022-11-25
PBoC Cuts RRR
The People's Bank of China lowered the reserve requirement ratio (RRR) for most banks by 25 basis points and for smaller banks by 50 basis points on April 15th 2022, effective from April 25th. The move will release about CNY 530 billion in long-term liquidity to bolster the economy. Markets were expecting the central bank to cut the RRR after China's cabinet pledge to do so amid risks to growth arising from new covid-19 outbreaks, a weak property market and the war in Ukraine. The RRR was also lowered for an additional 25bps for some smaller rural and urban commercial banks. In December, the central bank also lowered the RRR but by a bigger 50bps.
2022-04-15