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
Schedule for Week of April 21, 2024
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The key reports scheduled for this week are the advance estimate of Q1 GDP,
March New Home sales and March Personal Income and Outlays.
For manufacturing, ...
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?
ReplyDeleteI think yuan strength is largely dollar weakness. The yuan and euro have seen similar moves.
ReplyDeleteJeffrey Snider of Alhambra has talked about what the other issues might be: Confirming the Big Change In 2017