1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Other measures may make PBOC RRR cut unnecessary

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Bali) - People’s Bank of China research bureau chief economist Ma Jun, in an interview via Bloomberg, said that other measures may make an RRR cut unnecessary.

    Headlines

    The PBOC has provided more than 600b yuan mid-term liquidity support through MLF (Medium-term Lending Facility), SLF (Standing Lending Facility) and PSL (Pledged Supplementary Lending) operations

    This may substitute for a reserve requirement ratio cut

    This will play positive role to stabilize market expectations and interest rates
    For more information, read our latest forex news.
     

Share This Page