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
赖清德520就职演说关键词“稳健、自信、负责、团结”
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台湾的新任总统赖清德将在5月20日正式就职,华盛顿和北京都高度关注就职演说内容。 日前,新政府的国安团队抛出“ […]...
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