Cash Reserve Ratio in China remained unchanged at 11.25 percent in December from 11.25 percent in November of 2022. source: People's Bank of China

Cash Reserve Ratio in China averaged 12.90 percent from 1987 until 2022, 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 December of 2022.

Cash Reserve Ratio in China is expected to be 11.00 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 11.00 percent in 2023, 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 Nov 2022
Cash Reserve Ratio 11.25 11.25 percent Dec 2022
Interbank Rate 2.90 2.90 percent Dec 2022
Money Supply M1 66210.00 66453.52 CNY Billion Oct 2022
Money Supply M0 9840.00 9867.21 CNY Billion Oct 2022
Money Supply M2 261290.00 262660.09 CNY Billion Oct 2022
Foreign Exchange Reserves 3052000.00 3028955.00 USD Million Oct 2022
Central Bank Balance Sheet 398871.25 397402.27 CNY HML Oct 2022
Banks Balance Sheet 615.20 2470.00 CNY Billion Oct 2022
Loans to Private Sector 9079.00 35271.00 CNY HML Oct 2022
Deposit Interest Rate 0.35 0.35 percent Nov 2022
Loan Growth 11.10 11.20 percent Oct 2022
Reverse Repo Rate 2.00 2.00 percent Dec 2022
Liquidity Injections Via Reverse Repo 2.00 3.00 CNY Billion Nov 2022
Loans To Banks 2104312.01 2098726.79 CNY HML Oct 2022
Lending Rate 4.35 4.35 percent Oct 2021

News Stream
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.
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.
PBoC Cuts Reserve Ratio
The People's Bank of China lowered the reserve requirement ratio (RRR) for banks by 50 bps on December 6th 2021, the second cut this year, aiming to promote a steady decline in financing costs. The RRR for big banks now stands at 11.5% and the weighted average RRR for financial institutions at 8.4%. The RRR reduction will not apply to financial institutions with existing RRR of 5%. The cut will be effective from December 15th and will release CNY 1.2 trillion in long-term liquidity to boost economic growth while lowering capital costs for financial institutions by around CNY 15 billion. The cut however, does not mean a change in monetary policy, the central bank noted.