Central Bank: Will lower the deposit reserve ratio by 0.5 percentage points on February 5
On January 24th, the Governor of the People's Bank of China, Pan Gongsheng, announced that the central bank will reduce the reserve requirement ratio for deposits by 0.5 percentage points on February 5th, providing the market with long-term liquidity of about 1 trillion yuan; tomorrow, the interest rates for supporting agriculture and small businesses will be lowered by 0.25 percentage points, and the comprehensive financing cost of society will continue to be stabilized and reduced.
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