The People’s Bank fo China (PBOC) has announced a cut in its Reserve Requirement Ratio (RRR) of 0.50% from Monday, September 16. Some banks will enjoy a double-dose of reduction – 100 basis points in two phases. Beijing estimates that the cut will unleash around 900 billion yuan – around $128 billion of liquidity into the economy. The move will allow banks to lend more and stimulate the world’s second-largest economy and positively impact other economies. China’s action may boost stock markets and commodity currencies such as the Australian dollar. 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/USD corrected, now time to rally Yohay Elam 4 years The People's Bank fo China (PBOC) has announced a cut in its Reserve Requirement Ratio (RRR) of 0.50% from Monday, September 16. Some banks will enjoy a double-dose of reduction - 100 basis points in two phases. Beijing estimates that the cut will unleash around 900 billion yuan - around $128 billion of liquidity into the economy. The move will allow banks to lend more and stimulate the world's second-largest economy and positively impact other economies. China's action may boost stock markets and commodity currencies such as the Australian dollar. 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.
