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Monday, 14 September 2015

PBOC will change RRR calculation for banks

Starting Sep 15th the Chinese central bank will change the way it calculates the reserve requirement ratio

The PBOC will now be using averaging to work out the RRR
  • Says new method could release liquidity in some situations
  • Can add liquidity when it lacked
  • Will follow prudent mon pol
  • Reform will not affect current liquidity as it's ample
  • PBOC will guide stable credit growth
More tinkering from the PBOC