China may lower its reserve requirement ratio further to boost economic growth.
A Chinese official has stated that the country has the flexibility to lower the reserve requirement ratio (RRR) further. The RRR is the portion of customer deposits that banks must hold as reserves and not use for lending. Lowering the RRR can stimulate the economy by increasing the amount of money banks have available to lend.
3 months ago
5 Articles
You have 11 free stories remaining this month. Subscribe anytime for unlimited access.