Central Bank Watch
People’s Bank of China Slashes Banks’ Reserve Requirement to 18.5% from 19.5%
April 20, 2015
Sunday’s announcement was double the size of this year’s initial reduction of the reserve requirement ratio in February. February’s 50-bp cut — the more typical magnitude of changes — had been the first cut since and easing in May 2012 capped off a flurry of three cuts in the space of a half-year. The backdrop […] More
New Overnight Developments Abroad - Daily Update
Market Reaction to Chinese Monetary Easing
April 20, 2015
The People’s Bank of China slashed its reserve requirement to 18.5% from 19.5%. The full-percentage point reduction was twice as great as a previous 50-bp cut announced on February 4 and came in reaction to weaker GDP and other data announced last week. February’s cut had been the first since three 50-bp reductions engineered in […] More
