Published: 4/21/2015 6:30:00 PM
China sure knows a thing or two about sneaking up on the markets! While forex traders were still out enjoying the weekend, the People’s Bank of China (PBoC) decided to reduce its reserve ratio requirement (RRR) by 1% – its largest cut since the dark days of the financial recession in 2008. Is this a sign that their economy is in big trouble? china rrr stimulusIf this is the first time you’ve heard of the RRR, then lemme tell you that this simply refers to the level of cash that commercial ...
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