BEIJING Nike Shox NZ Hombre España , Feb. 29 (Xinhua) -- The central bank announced on Monday that it will lower its reserve requirement ratio (RRR) for commercial banks by 0.5 percentage points, effective Tuesday, the latest effort to bolster growth.


The move, the first such cut this year, aims to "ensure reasonably ample liquidity in the financial system; guide a stable and appropriate growth in credit; and create a favorable financial environment for supply-side structural reform," the People's Bank of China said in a statement on its website.


To boost economic growth, which in 2015 slowed to its lowest level in a quarter of a century, the central bank lowered the RRR five times last year.


Related:


China to maintain stable monetary policies: central bank governor


SHANGHAI, Feb. 26 (Xinhua) -- China will continue to implement stable monetary policies, said Zhou Xiaochuan, governor of the People's Bank of China, on Friday.


China will not "overly" plan its macroeconomic polices based on exterior economic performance or capital flow, he said at the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai. Full Story


Central bank continues fund injection


BEIJING, Feb. 26 (Xinhua) -- China's central bank continued to pump money into the financial system on Friday through open market operations.


The People's Bank of China (PBOC) conducted 300 billion yuan (46.15 billion U.S. dollars) of reverse repurchase agreements (repo), in which central banks purchase securities from banks with agreements to resell them in the future.

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