Subscribe To
China's PBOC have been busy: Cut its RRR, 'asked' banks not to buy dollars. Panicking?
They've been busy little bees at the People's Bank of China.Justin had the news on two moves from the Bank:PBOC cuts RRR by 25 bps, with effect from 15 SeptemberandPBOC calls on banks to hold off on immediate dollar purchases - reportOn the Reserve Requirement Ratio (RRR) cut, this is sort of encouraging news on the one hand and sort of concerning on the other hand. On the plus side ... but first some background if you need it:The Reserve Requirement Ratio (RRR) is a central bank regulation tha...
Read More
Posted: Sep 14 2023, 21:05
Author Name: forexlive
Views: 111471