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The People's Bank of China has decided to lower the deposit reserve ratio of financial institutions on March 27, 2023.
Bi123 News The People's Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on March 27, 2023 (excluding financial institutions that have implemented a 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions will be approximately 7.6%.
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