• PBoC announces a 0.5% cut to its reserve requirement ratio efective September 16

Market news

6 September 2019

PBoC announces a 0.5% cut to its reserve requirement ratio efective September 16

  • Will further cut RRR for some qualified banks
  • Additional reduction for said banks will be up to 100 bps or 1.00%
  • Targeted reduction for qualified banks will be via two phases of 50 bps cut each
  • RRR cuts to release about ¥900 billion in liquidity
  • Reiterates that will continue to implement prudent monetary policy

Canada's labour market likely to add 15k jobs in August – TD Securities
Eurozone GDP up 0.2 percent in Q2
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