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Talk of further China RRR cuts

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - China Securities Journal carries a story in which an unnamed analysts is quoted as saying further China RRR cuts may be brewing.

    MNI reports on the current chatter, noting: "Expectations of a further cut in the deposit reserve ratio rose again due to tight money supply in the short-term. The weakening yuan against the U. S. dollar resulted in further capital outflows, and such a cut is essential."
    For more information, read our latest forex news.
     

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