China Cuts RRR By 1% To Release Liquidity

It’s only logical that one day after Trump accused China (and Russia) of playing the “currency devaluation game” in a time of rising Fed rates, that Beijing would respond by doing precisely what it was accused of, and moments ago the PBOC announced that effective April 25, China’s central bank will cut the reserve requirement ratio (RRR) for qualified banks by one…

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China Cuts RRR By 1% To Release Liquidity