By reducing RRR, the liquidity of the market will be increased at first, and commercial banks will have stronger credit supply capacity. After the reserve is lowered, banks will have relatively more abundant funds, which is conducive to credit supply;
Second, the liquidity of funds is relatively loose, which helps to reduce market interest rates. After the deposit reserve ratio is lowered, commercial banks can get about 654.38+0.5 billion yuan, which will also help banks to provide lower financing costs and credit funds in the future.
At the same time, it is not ruled out that the next MLF interest rate reduction will affect the traction LPR interest rate reduction to reduce the financing cost of enterprises.
Extended data
2065438+On September 4th, 2009, the executive meeting of the State Council put forward the policy tool of "timely applying RRR universal RRR cut and targeted cuts to required reserve ratios", and the RRR cut was implemented on the evening of 6th, which merged with RRR universal RRR cut and targeted cuts to required reserve ratios.
The People's Bank of China said that the deposit reserve ratio of financial institutions would be lowered by 0.5 percentage points on September 16. In order to promote greater support for small and micro enterprises and private enterprises, the deposit reserve ratio of city commercial banks operating only in provincial administrative regions was reduced by 1 percentage point, and it was implemented twice in June of 10, June of 15 and June of16,5438+05, with each reduction of 0.5 percentage point.
The relevant person in charge of the central bank said that the RRR cut released about 900 billion yuan of long-term funds, including 800 billion yuan of RRR cut and 654.38+00 billion yuan of targeted cuts to required reserve ratios. The statutory reserve ratio of finance companies, financial leasing companies and auto financing companies is 6%, which is the lowest among financial institutions and is already at a low level. Therefore, these three types of financial institutions are not included in the overall reduction of RRR.
Baidu encyclopedia -RRR restore
People's Daily Online-The Central Bank announced an overall reduction of RRR by 0.5 percentage points.