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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.
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?
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
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