摘要
The People's Bank of China cut the reserve requirement ratio by 1 percentage point at the start of 2019.This move was prompted by the decline in growth of the Chinese economy, slowing for the first tirne since the global fmancial crisis in 2008. Reserve requirements were at 14.5 percent for large banks,and 12.5 for smaller banks,with the new changes being implemented in two equal stages on January 15 and January 25.
