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Not to use RRR cut easily – PBOC’s Zhang

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The People's Bank of China assistant governor Zhang Xiaohui is now crossing the wires via Reuters, noting that RRR cut is a strong signal for easing and hence, should use it sparingly.

    Key Quotes:

    Not to use RRR cut easily

    RRR cut signal too strong

    To use OMO to supply liquidity

    Excessive liquidity has pressure on yuan

    First half of Jan loan too strong
    For more information, read our latest forex news.

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