I posted last week that the RRR cut was imminent, it hit over the weekend:
- More on the PBOC cut over the weekend (500 billion yuan "unlocked")
- China cuts reserve requirements for some banks after stock market slump
Check out this for what the cut means
And .... this the front page of from the Financial Times for Monday, featuring the RRR cut and the Turkish election (Oh and England through to round 2 of the World Cup also):