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PBOC cuts RRR by 0.5%

ByMike Paterson

Feb 29, 2016

News just out
– reserve requirement ratio cut by 0.5% effective tomorrow 1 March
– PBOC say rate cut to maintain reasonable, ample liquidity in financial system
CNY and CNH both posting 3 week lows vs USD after the announcement.

Related posts:

  1. China’s forex reserves plunge to $3.557 tn, biggest fall on record – PBOC
  2. Rbi – to Conduct 15-Day Term Repo Auction on Sept 24, 14-Day Term Repo Auction on Sept 29
  3. Q2 2015 US GDP final revision 3.9% vs 3.7% exp q/q ann
  4. South Africa Aug Mining Production Yy* Decrease to 3.8 % (fcast 6.05 %) Vs Prev 5.60 %

By Mike Paterson

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