The Trader 

Market Outlook: China cuts reserve requirements

The Trader

Celebrations for China National Day ended Friday and over the weekend the People’s Bank of China once again cut the reserve requirement ratios levied on commercial banks.  The move, the fourth cut this year, should free up Rmb 750 billion which should be used to support the economy.  Some analysts now expect a cut in the official policy interest rate to bring interbank lending rates down.

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