At the same time, the Central Bank also announced a reduction its reserve requirement ratio
for major financial institutions to 18 per cent from 18.
5 percent / year and lower the minimum reserve requirement ratio
on forex-denominated liabilities of credit institutions to 16 percent down from 18 percent to apply over July 24 Aug.
Government plans to cut reserve requirement ratio
for qualifying village banks
There may be one interest rate cut and two cuts in the banks reserve requirement ratio
in the second half.
The bank said Saturday it will lower the reserve requirement ratio
for banks by half a percentage point from Friday, an action that would increase liquidity in the financial system to bolster the world's second-largest economy.
In a bid to keep the lid on soaring inflation, authorities in Beijing have hiked interest rates four times since October and increased the so-called reserve requirement ratio
on several occasions, effectively limiting the amount of money banks can loan out.
The amendments decrease the amount of transaction accounts subject to a reserve requirement ratio
of three percent in 2000, as required by section 19(b)(2)(C) of the Federal Reserve Act, from $46.
The economist added that the strength of the economy is such that it no longer requires accommodative monetary policy, especially in light of looming cuts to the reserve requirement ratio
said it's getting harder to cut the reserve requirement ratio
for lenders as he'd pledged to do when he took office six months ago, with inflation set to pick up.
MANILA, Philippines The Bangko Sentral ng Pilipinas (BSP) has assigned a zero-percent reserve requirement ratio
on repurchase (repo) transactions as a sweetener to encourage more players to participate in the government securities repo program.
TOKYO, Oct 26 (KUNA) -- China's central bank said Monday its recent move to cut interest rates and lower the reserve requirement ratio
was very different from quantitative easing, official Xinhua News Agency reported.
Under the banner of policy "fine-tuning", China's central bank cut interest rates twice in June and July and lowered banks' reserve requirement ratio
(RRR) three times since late 2011, freeing an estimated 1.