China's decision this week to cut the reserve requirement ratio (RRR) is part of a response to ease liquidity in the market and relax some paint. The move is expected to free up around US$70bn of liquidity, though it isn’t a shift away from its longer term strategy to broaden out the economy.
Outlook for the Aussie dollar
Outlook for the Aussie dollar
Outlook for the Aussie dollar
China's decision this week to cut the reserve requirement ratio (RRR) is part of a response to ease liquidity in the market and relax some paint. The move is expected to free up around US$70bn of liquidity, though it isn’t a shift away from its longer term strategy to broaden out the economy.