Asia: Equities under pressure after PBOC’s RRR cut – Danske Bank

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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