All posts tagged "RRR"
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735Capital RegulationChinese Officials Ask Banks to ‘Bear the Costs’ of Rising Bad Debt
Chinese banks are asked to sacrifice 1.5tr yuan in 2020 profits to support businesses through lower lending rates and fees, loan repayment deferrals, and bad debt write-offs.
June 22, 2020 -
606Capital Regulation
PBOC Governor Pledges Additional Measures to Support SMEs, Banks
The PBOC plans to further extend SME loan repayment deferrals to 31 March 2021, further drive down real interest rates, and bolster support for banks.
May 27, 2020 -
537China
PBOC Cuts Bank Lending Rates to Offset Covid-19 Pressures
Policymakers 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, 2020 -
757Asia-PacificBank Indonesia Cuts RRR, Prepares to Buy Govt Bonds
The measures include a 200bp RRR cut for banks and a 50bp cut for Islamic banks. The central bank may also start buying government bonds in the primary market in two weeks.
April 18, 2020 -
621Asia-PacificBSP Offers Banks Mark-to-Market Relief, Cuts Liquidity Requirements
The accounting relief allows banks to effectively reverse unrealised losses resulting from a change in fair value. The MLR cut frees up almost $200mn for smaller lenders.
April 9, 2020 -
564Capital Regulation
PBOC Cuts Reserve Requirements for Small, Mid-sized Lenders
The move will free up a total 400 billion yuan at small and medium-sized lenders, allowing them to provide additional financing to SMEs.
April 5, 2020 -
626Capital RegulationChina: State Council to Bolster Financial Support for SMEs
The 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, 2020 -
506Asia-Pacific
BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief
The 200 basis point cut will release up to 200bn pesos in bank liquidity. Lenders are encouraged to continue lending and to offer debt relief to borrowers.
March 25, 2020 -
452Asia-PacificPhilippine Stocks Resume Trading, Central Bank Relaxes Regulations
The BSP has cut interest rates and relaxed regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits.
March 19, 2020 -
707Capital Regulation
PBOC Announces Second Reserve Requirement Cut of 2020
The move is expected to release 550 billion yuan of long-term funds into the banking system to facilitate lending to small firms and other vulnerable sectors.
March 14, 2020
