Cash Reserve Ratio in China remained unchanged at 10 percent in March. Cash Reserve Ratio in China averaged 12.83 percent from 1987 until 2024, 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. source: People's Bank of China

Cash Reserve Ratio in China is expected to be 10.00 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 10.25 percent in 2025, according to our econometric models.

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China Cash Reserve Ratio Big Banks

Related Last Previous Unit Reference
Interest Rate 3.45 3.45 percent Feb 2024
Cash Reserve Ratio 10.00 10.00 percent Mar 2024
Interbank Rate 2.39 2.39 percent Mar 2024
Money Supply M1 69419.79 68054.25 CNY Billion Jan 2024
Money Supply M0 12139.85 11344.46 CNY Billion Jan 2024
Money Supply M2 297625.02 292271.33 CNY Billion Jan 2024
Foreign Exchange Reserves 3219320.00 3237977.00 USD Million Jan 2024
Central Bank Balance Sheet 456426.77 456944.14 CNY Hundred Million Jan 2024
Banks Balance Sheet 4920.00 1170.00 CNY Billion Jan 2024
Loans to Private Sector 65017.00 19401.00 CNY Hundred Million Jan 2024
Deposit Interest Rate 0.35 0.35 percent Feb 2024
Loan Growth 10.40 10.60 percent Jan 2024
Reverse Repo Rate 1.80 1.80 percent Mar 2024
Liquidity Injections Via Reverse Repo 10.00 117.00 CNY Billion Mar 2024
Loans To Banks 2411513.07 2362900.87 CNY Hundred Million Jan 2024
Lending Rate 4.35 4.35 percent Oct 2022

China Cash Reserve Ratio Big Banks
Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 21.50 6.00 1987 - 2024 percent Monthly

News Stream
China Cuts RRR by 50bps
The People's Bank of China (PBOC) will reduce the reserve requirement ratio (RRR) for all banks by 50 basis points to 10% starting from February 5th, releasing up to 1 trillion yuan ($139.45 billion) to the market to boost the economic recovery. This would be the lowest RRR level since March 2007 and aligns with the PBOC's ongoing efforts to reinforce an uncertain economic recovery in light of the plummeting stock markets. The PBOC had previously cut RRR by 25 bps in March and September last year. Additionally, starting January 25th, the PBOC will lower re-lending and re-discount interest rates by 25 basis points, targeting the rural sector and small businesses. Governor Pan Gongsheng announced these measures during a press conference in Beijing on Wednesday.
China Cuts RRR by 25bps
The People's Bank of China has announced a 25 basis point reduction in the reserve requirement ratio (RRR) for all banks, excluding those already complying with a 5% reserve ratio, effective as of September 15th, reflecting policymakers' commitment to maintaining ample liquidity and supporting the post-pandemic economic recovery. It was the second RRR cut this year, bringing the rate for large banks to 10.5%, and the weighted average reserve requirement ratio for financial institutions to 7.4%. Beijing has introduced a series of supportive measures to stimulate overall credit demand and stabilize the troubled property sector, but investors have been advocating for additional policy support, as recent data indicated an economic slowdown. Additionally, the central bank has affirmed its commitment to maintaining the stability of the yuan exchange rate, emphasizing that its prudent monetary policy will be both precise and forceful.
China to Lower FX RRR by 200Bps to 4%
The People's Bank of China (PBoC) said in a statement Friday that it would slash the foreign exchange reserve requirement ratio (RRR) by 200 basis points to 4% from 6% beginning September, 15th. It was the first such reduction this year, as the central bank seeks to stem further weakness in the yuan and help a faltering economic recovery. The move will effectively free up $16.4 billion worth of foreign exchange with China's FX deposits standing at $821.8 billion at end-July. The board mentioned that this action was to improve financial institutions' ability to use foreign exchange funds. Chinese banks recently began cutting their yuan deposit rates under guidance from the PBoC, which is expected to ramp up local liquidity and present a weaker yuan in the coming months. The local currency is one of the worst-performing Asian currencies this year, falling around 5%, amid an economic downturn in the Chinese economy and widening yield differentials with the US.