Analysis details (22:11)
- This follows China's targeted easing measures where they lowered the reserve ratio for some rural banks, however numerous reports have suggested this is not major from a macro perspective.
- As a guide, back in November 2011, the PBoC lowered the RRR levels for some rural cooperatives and this was then followed by a RRR cut for the whole banking sector in December.
16 Apr 2014 - 22:06 - Forex - Source: BBG
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: