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China press: The RRR cut is not a sign of large-scale stimulus

Discussion in 'Fundamental Analysis' started by ForexLive, Mar 1, 2016.

  1. ForexLive

    ForexLive Forum Member

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    A piece in Xinhua (an official Chinese government media property) - Says the RRR cut isn't large scale stimulus - Uhhh, yeah, it is. Much more so than the more targeted stimuli we have seen from the People’s Bank of China earlier this year

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