More on the targeted PBOC reserve ratio requirement cut (I posted on it earlier here):
- Cut is expected to release CNY50 billion to CNY100 billion in funds into the market, analysts said
- The move effectively rules out a system-wide reserve cut or benchmark rate cut
- PBOC has added funds via other measures as well – Xu Bo, a researcher with Bank of Communications, said the central bank conducted re-lending with the Postal Savings Bank of China, Huaxia Bank and China Minsheng Bank at the end of May to support lending to small enterprises
From Sina.com via MNI
