The People’s Bank of China (PBoC) could engage in a further rate cut to the reserve ratio requirement (RRR) in the second half of 2018, according to Chinese media outlets. The move would follow the PBoC’s rate cut over this past weekend, where the Chinese central bank dropped the RRR for key banking institutions in the Chinese financial system by 50 basis points. The rate cut over the weekend freed up over $100 billion in liquidity for the Chinese economy, a figure that was much higher than the expected $60 billion figure. The PBoC is making moves to free up liquidity in response to US trade tariffs, as well as an answer to the decline in Chinese equities following the Shanghai Composite’s 11% decline late last week. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY backing into 145.50 after Monday’s turnaround FX Street 3 years The People's Bank of China (PBoC) could engage in a further rate cut to the reserve ratio requirement (RRR) in the second half of 2018, according to Chinese media outlets. The move would follow the PBoC's rate cut over this past weekend, where the Chinese central bank dropped the RRR for key banking institutions in the Chinese financial system by 50 basis points. The rate cut over the weekend freed up over $100 billion in liquidity for the Chinese economy, a figure that was much higher than the expected $60 billion figure. The PBoC is making moves to free up… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
