Breakthrough: One copy of the targeted RRR cut will release about 400 billion of long-term funds

Breakthrough: One copy of the targeted RRR cut will release about 400 billion of long-term funds
Just entered the second quarter, the third time this year to reach the standard.Announced on April 3 every month, in order to support the development of the real economy, promote the expansion of support for small and medium-sized enterprises, and reduce the actual cost of social financing, we decided to provide rural credit cooperatives, rural commercial banks, rural cooperative banks, village banks andThe city commercial banks operating in the first-level administrative area have lowered the deposit reserve ratio by one replacement, which will be put into place twice on April 15 and May 15, each time reduced by 0.Five averages, releasing a total of about 400 billion yuan in long-term funds.The People’s Bank of China has decided to reduce the interest rate on long-term excess deposit reserves of financial institutions from 0 on April 7.72% down to 0.35%.This year, two RRR cuts have been implemented and cumulative long-term funds have been released by about 1.35 trillion.The first time was on January 6, when the financial institutions’ deposit reserve ratio was lowered by 0.Five shareholders (excluding financial companies, financial leasing companies and auto finance companies) have released more than 800 billion yuan in long-term funds.The second time was on March 16, the implementation of the targeted reduction of inclusive finance, the targeted reduction of the bank to meet the assessment standards of 0.5 to 1 single; at the same time, an additional targeted exchange reduction for eligible joint-stock commercial banks will be provided to support the issuance of loans in the inclusive financial sector. The targeted reduction of the total release of 550 billion yuan in long-term funds.Proofreading Li Xiangling

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