Asia: Equities under pressure after PBOC’s RRR cut – Danske Bank
|Analysts at Danske Bank explain that Asian stocks came under pressure this morning, after China's central bank eased its monetary policy further over the weekend.
Key Quotes
“The PBOC cut the reserve requirement ratios for most commercial banks by 1pp, freeing up capital in the banking system to assuage concerns about slowing economic growth. Recent months have already brought similar measures and we expect China to continue easing its monetary policy to cushion the adverse effect of further escalation in the ongoing US-China trade spat.”
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