Current: China lowers minimum reserve rate!

China’s central bank, the People´s Bank of China, has just announced a 0.5% reduction in the reserve ratio (the money that commercial banks have to deposit as mandatory credit for the issuance of loans) with effect from 16th of September. According to China’s central bank, this would release 90 billion Yuan in liquidity. The step was generally expected and therefore does not really come as a surprise…

The stock markets react with a cautious leap of joy in view of the increased prospects for liquidity.

By Max12Max – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=53114101

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