Market participants say that the earlier-than-expected RRR cut reflects policymakers' concerns that banks may be under stress and facing higher NPLs.
July 13, 2021The NBC has committed to maintaining the RRR at 7 percent "until further notice" and removed a three-time limit on debt restructuring.
June 2, 2021The PBOC has raised the RRR for foreign currency deposits for the first time in 14 years and asked enterprise and FIs not to engage in FX speculation.
June 1, 2021Since March 2020, the lower SRR ratio and flexibility to recognise MGS and MGII as part of SRR compliance have released MYR 46 billion in banking system liquidity.
January 22, 2021The HKMA's guidance on the treatment of loans subject to government guarantees and payment moratoriums is largely in line with guidance issued by the BCBS last month.
May 26, 2020The measures include lower risk weights for MSME loans, deferred implementation of the revised risk-based capital framework, and an extension of the relief period for reporting past due and non-performing loans.
May 6, 2020$10bn will be available to banks under the USD liquidity facility. The stress tests are being postponed to 2021 to free up banks' operational capacity.
April 23, 2020Policymakers said on Friday that monetary policies should make full use of RRR cuts, interest rate reductions and relending, indicating a shifting stance after GDP shrank 6.8% in Q1.
April 21, 2020The new measures will include another RRR cut, $141bn in re-lending and re-discounting quotas, and new bond issuances to exclusively support SME loans.
April 2, 2020The RRR cut will release about 800bn yuan of 'long-term funds' for financial institutions to lend to the real economy.
January 3, 2020