Central Bank of China has lowered norm of the deposit reserve in RMB by one percentage point

Almaty. April 20. Silkroadnews - The People's Bank of China (central bank of China) has announced that from 20 April by 1 percentage point will be lowered deposit reserve rate of yuan for banking and financial institutions in the country, reported the agency Xinhua.
"According to the Central Bank, particularly a one percent reduction in the rate of deposit reserves in yuan will be introduced for rural financial institutions, rural credit cooperatives and village-township banks. For the Agricultural Development Bank of China deposit reserve rate will be reduced by two percentage points",- the report says.
The central bank will perform further 0.5 percentage points reduction of the rate of deposit reserve for state-owned banks and joint-stock commercial banks, which give a certain amount of credits to agricultural borrowers or micro and small businesses.