Is China filling its shadow banking gap with bank reserve cut?
The People’s Bank of China has announced a cut in the reserve required ratio – a move that is expected to inject $175bn into the economy - but treasurers should still be wary of reading too much into the move
The People’s Bank of China (PBOC) hoped to inject an effective Rmb175 billion ($109bn) into the economy on Sunday by cutting the required reserve ratio (RRR) for the third time this year.
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