Last hour, the People’s Bank of China (PBOC) issued a statement, announcing that it will lower the Reserve Requirement Ratio for small and medium banks, effective as of May 15th. PBOC added that this will release 250bn Yuan in long-term funds  Additional Headlines (via Bloomberg): The PBOC move to benefit about 1000 rural banks. The funds released will be used for private and small business lending. 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 Gold: Off session highs, but remains bid amid risk-off FX Street 3 years Last hour, the People's Bank of China (PBOC) issued a statement, announcing that it will lower the Reserve Requirement Ratio for small and medium banks, effective as of May 15th. PBOC added that this will release 250bn Yuan in long-term funds  Additional Headlines (via Bloomberg): The PBOC move to benefit about 1000 rural banks. The funds released will be used for private and small business lending. 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.
