Chinese Central Bank Cuts Reserve Requirement Ratio By 0.5%

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The People’s Bank of China has just cut the reserve requirement ratio for banks by 0.5% according to WSJ.

The cut is apparently due to take place on February 24.

It had been a while since the last rate, cut, but recent hints from top leadership had indicated that one was coming.

While the country is still trying to choke off a housing bubble, there is obviously enough confidence about inflation being somewhat under check that easing can be undertaken.

This could provide a little juice for markets on Monday.

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