ANZ say a PBOC RRR cut announcement may come on Friday October 15
ANZ putting what they think is a time frame on a long-awaited reserve ratio requirement cut from the People's Bank of China.
- may announce a cut as soon as Friday
ANZ looking for a 50 basis point reduction in the RRR, or a targeted medium-term lending facility (MLF)
- to take effect October 25
ANZ cite the upcoming tax payments date of October 26:
- say it will be sizable and cannot be managed by open market operations only