2018 Check Prod. In the spring of 2018, China's central bank, People's Bank of China, announced that it would cut the reserve requirement ratio from 15 percent to 14 percent. This was expected to release RMB 1,200 billion of additional liquidity into the banking system. How large was the original monetary base initially? How large was the original monetary base initially? The original monetary base was RMB (Round your response to the nearest whole number)