The PBoC cut RRR by 50bps across the board, releasing 500bn yuan. A50 futures up almost 1%, $CNH steady. $FXI $PGJ $KWEB
Since 06-2011, PBOC has cut RRR from 22% to 11%. I still remember the days back then when growth really falling & Fridays stuck in the office cos of PBOC.
The PBoC cut RRR by 50bps across the board, releasing 500bn yuan. A50 futures up almost 1%, $CNH steady. $FXI $PGJ $KWEB
Since 06-2011, PBOC has cut RRR from 22% to 11%. I still remember the days back then when growth really falling & Fridays stuck in the office cos of PBOC.