According to analysts at ANZ, the RRR cuts from PBoC, which are estimated to inject CNY900bn liquidity into the system, will reduce banks’ funding costs via lower quotes for the loan prime rate (LPR), encouraging loan issuances. Key Quotes “The additional 100bps cut for urban commercial banks will help alleviate their funding constraints and mitigate the financial risks in China’s banking system.” “We see limited room for further RRR cuts in 2019 and the next policy move will be cutting the money market rate, likely in Q4.” “Downward pressure on China Government Bond (CGB) yields remains and we maintain our forecast for 10Y CGB yield falling below the 3% handle before the end of 2019.” 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 US NFP: Smaller-than-expected employment gain in August – RBC FX Street 4 years According to analysts at ANZ, the RRR cuts from PBoC, which are estimated to inject CNY900bn liquidity into the system, will reduce banks' funding costs via lower quotes for the loan prime rate (LPR), encouraging loan issuances. Key Quotes "The additional 100bps cut for urban commercial banks will help alleviate their funding constraints and mitigate the financial risks in China's banking system." "We see limited room for further RRR cuts in 2019 and the next policy move will be cutting the money market rate, likely in Q4." "Downward pressure on China Government Bond (CGB) yields remains and we maintain our… Regulated 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.
