Gov't Must Do More than Latest RRR Cut to Help Economy, Experts Say

(Beijing) – The central bank needs to do more to reduce financing costs and shore up the economy, analysts say, after it cut banks' reserve-requirement ratio for the first time in nearly three years.

All financial institutions' RRR will be cut by 50 basis points, or half a percentage point, the central bank said on February 4. The move took effect on February 5. It last cut the general ratio on May 18, 2012.