2018-01-17

China RRR Cut Takes Effect Next Week

The PBoC cut the RRR in September 2017, but it takes effect on January 25, 2018.

iFeng: 央行:预计普惠金融定向降准2018年1月25日全面实施

2 comments:

  1. something strange.. Pboc has cut the reserve ratio to fill the monetary hole from capital outflows.. But yuan has been strong since 2017.. Do you think there are other issues?

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  2. I think yuan strength is largely dollar weakness. The yuan and euro have seen similar moves.
    Jeffrey Snider of Alhambra has talked about what the other issues might be: Confirming the Big Change In 2017

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