China economic policy easing ‘would be no surprise’ after Beijing signals rate cut

Source: China – South China Morning PostA signalling by China that it might free up more liquidity to banks – by cutting the amount of cash that they must hold in reserve – has taken the market by surprise and reveals new pressures facing the economy in the coming months, according to analysts.For the first time in over a year, China’s State Council indicated that the reserve requirement ratio (RRR) might be cut, which would step up financial support for the real economy, especially small and medium-sized enterprises.Cutting the RRR…Read More

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