PBOC cuts reserve requirement ratio

Omkar Godbole FXStreet Contributor

The news is crossing the wires via LiveSquawk that People's Bank of China (PBOC) has cut the reserve requirement ratio (RRR) again. The rate cut will come into effect from today. The central bank last week had cut reserve requirement ratios (RRR) for most banks to release some liquidity amid signs of economic slowdown.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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