ANZ say a PBOC RRR cut announcement may come on Friday October 15

Author: Eamonn Sheridan | Category: Central Banks

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
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