Release The Kraken! China Cuts Reserve Ratio By 0.5% Releasing 1 Trillion Yuan In Liquidity To Boost Economy (Europe Has 20 Nations With Negative 2Y Sovereign Yields)
by confoundedinterest17 Release the Kraken! The People’s Bank Of China announced it is cutting its Required Reserve Ratio by 0.5% for most banks, a move that will unleash about 1 trillion yuan ($154BN) of long-term