Starting Sep 15th the Chinese central bank will change the way it calculates the reserve requirement ratio
The PBOC will now be using averaging to work out the RRR
- Says new method could release liquidity in some situations
- Can add liquidity when it lacked
- Will follow prudent mon pol
- Reform will not affect current liquidity as it's ample
- PBOC will guide stable credit growth
More tinkering from the PBOC
