New Overnight Developments Abroad - Daily Update
Central Banks, NH Primary Results, and PMI Reports in the Forefront
January 24, 2024
The People’s Bank of China’s reserve requirement ratio has been cut by 50 basis points to 10.0%. This matches the combined reduction last year from 25-basis point cuts in March and September, drops the ratio to a near 17-year low, and is expected to generate about a trillion yuan of additional bank liquidity. Stock markets […] More
