China economic policy easing ‘would be no surprise’ after Beijing signals rate cut

//China economic policy easing ‘would be no surprise’ after Beijing signals rate cut

China economic policy easing ‘would be no surprise’ after Beijing signals rate cut

A signalling by China that it might free up more liquidity to banks – by cutting the amount of cash that they must hold in reserve – has taken the market by surprise and reveals new pressures facing the economy in the coming months, according to analysts.For the first time in over a year, China’s State Council indicated that the reserve requirement ratio (RRR) might be cut, which would step up financial support for the real economy, especially small and medium-sized enterprises.Cutting the RRR…

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By | 2021-07-08T13:30:15+00:00 July 8th, 2021|Headlines|Comments Off on China economic policy easing ‘would be no surprise’ after Beijing signals rate cut