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

    Oct 7, 2015
    Likes Received:
    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.


    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.

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