Moscow. October 23. The people’s Bank of China (PBC, the Central Bank of the country) on Friday took the decision to lower key interest rates and reserve requirement ratios for banks, reports Bloomberg.
Annual rate on loans reduced by 25 basis points (b.n.) – 4,60% to 4.35%, per annum on Deposit also by 25 b.p., from 1.75% to 1.5%. Reserve requirements reduced by 50 b.p. The changes will take effect on 24 October.
Global equity markets reacted to the change by increased growth, government bonds of the USA are getting cheaper, the price of copper and other nonferrous metals continue to rise.