1st LD: China announces reserve requirement ratio cut
BEIJING, Nov. 25 (Xinhua) -- China's central bank said Friday that it has decided to cut the reserve requirement ratio (RRR) for eligible financial institutions by 0.25 percentage points to keep liquidity reasonably ample and lower comprehensive financing costs.
The cut will take effect on Dec. 5, except for financial institutions that have already implemented a 5-percent RRR, the People's Bank of China (PBOC) s