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China financial press says the PBOC is likely to cut the RRR in Q4

Hardly a week goes by without a Chinese state-sponsored media outlet saying an RRR cut is incoming. This week it's the China Securities Journal:PBOC likely to reduce the reserve requirement ratio (RRR) in Q4Will do so to support government bond issuancea front page pieceanalysts cited---The Reserve Requirement Ratio (RRR) is a central bank regulation that sets the minimum amount of reserves each bank must hold in relation to their deposit liabilities. Its the percentage of total deposits that ba... Read More

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Posted: Oct 26 2023, 23:11

Author Name: forexlive

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