Mumbai, May 7 -- The People's Bank of China announced a 50 basis points cut to the reserve requirement ratio, releasing around 1 trillion yuan into the system, media reports noted today. The 7-day reverse repo rate was also trimmed to 1.4% China kept its reverse repo rate steady at 1.50 percent in April, maintaining the record low first reached in September 2024.
Published by HT Digital Content Services with permission from Capital Market....