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Estimate of the likely PBoC move is an RRR cut of 25 basis points for all banks
A senior economist at Postal Savings Bank of China says he thinks the People's Bank of China may cut the RRR for all banks by 0.25 percentage points
- The reduction in the cash amount banks must hold in reserve is expected to free up about 550 billion yuan ($77 billion) in long-term liquidity.
- "Using RRR cuts, China will not only encourage banks to step up support for the real economy, but also lower their borrowing costs, thus helping banks to surrender part of their profits... Read More
Posted: Nov 25 2022, 02:55
Author Name: forexlive
Views: 103119
