摘要
China’s central bank,the People’s Bank of China (PBC),on April 15 announced that in order to shore up the growth of its real economy and gradually bring down financing costs,the required reserve ratio (RRR) for financial institutions will be cut by 0.25 percentage point on April 25,marking the first RRR cut of2022.The cut rate,however,is lower than the expected 0.5 percentage point,in turn denoting the smallest rate since2008.This decision is the result of hard trade-offs,given the currently complex national and international economic outlook.
