Bloomberg News

People’s Bank of China Will Cut Banks’s Reserve Ratio

May 12, 2012

The People’s Bank of China said it is cutting the reserve ratio requirement for banks by 50 basis points starting from May 18, according to a statement on its website today.

To contact Bloomberg News staff for this story: Liza Lin in Shanghai at llin15@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


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