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

There is still a need for a cut in the RRR in the medium-term – China Press

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The Chinese Economic Information Daily noted via MNI that there is still a need for a cut in the reserve requirement ratio (RRR).

    Key Headlines:


    There is still a need for a cut in the RRR in the medium-term

    They say daily short-term open market operations are seen as inadequate to stabilize market expectations when capital outflows are seen continuing

    FX market controls can be used to offset possible pressure on the yuan's exchange rate due to a RRR cut

    Any loss would outweigh gains if a decision not to cut the RRR threatens economic growth stability

    For more information, read our latest forex news.
     

Share This Page