Oct 7th, 2018
China Cuts RRR Again. Is 4 The Charm?
China cut its reserve ratio requirement for the fourth time in 2018 to release $175B in liquidity on continued growth concerns. Major Chinese banks currently have a 16% RRR, with smaller lenders at 14%. Ramy Inocencio discusses details and impact on the yuan on "Bloomberg Daybreak: Australia." (Source: Bloomberg)
