Archive for April 20th, 2015

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