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PBOC’s Chen - developed countries should consider negative rate impact

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A day after announcing a 50 basis point cut in the bank’s reserve requirement ratio, PBOC’s Chen was on the wires addressing advanced nations’ negative rate strategy.

    Chen said developed countries should consider negative rate impact and added that PBOC’s monetary policy is aimed at fulfilling domestic objectives.
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