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  • China cuts banks' Reserve Requirement Ratio

    From morningstar.com

    China's central bank said Friday that it will lower the amount of deposits banks have to set aside, releasing 500 billion yuan ($69.91 billion) of liquidity into an economy struggling with its worst Covid-19 outbreak since 2020. The People's Bank of China said it will cut banks' reserve requirement ratio by 0.25 percentage point, which will bring the weighted average RRR level for the whole banking system to 7.8%. The State Council, China's cabinet on Wednesday pledged to use more monetary tools, including timely cuts in banks' RRR, to keep liquidity reasonably ample. The RRR cut, effective Dec. 5, can help the ... (full story)

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  • Comment #1
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  • Nov 25, 2022 8:02am Nov 25, 2022 8:02am
  •  traderathome
  • Joined Mar 2008 | Status: PVSRA with Traderathome | 1600 Comments
See? As things turn to shit under the command of Xi Jinping, the solution is to make more bad decisions.

Bank reserves are for safety.

But graft and corruption are the gifts to the Chinese people from their commie overlords.

Banks in trouble therefore? No problemo!......

......reduce the reserves!

And there we have it! Another shining example of shitty governance by Xi Jinping......whose personal graft and corruption probably exceeds all others.
 
 
  • Comment #2
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  • Nov 25, 2022 8:44am Nov 25, 2022 8:44am
  •  zOrO2kX
  • | Joined Jun 2013 | Status: Member | 36 Comments
This will create pressure on USA to start QA o at least stop the QT. We are already in Global Recession and now, nothing can stop it.

Taking this in context, what I expect the following weeks for the markets:

1. Small bounce in markets
2. FED realize we are already in a point of no return and stop QT
3. Big leg down in the markets
4. We finally form a bottom
 
1
  • Comment #3
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  • Nov 26, 2022 2:49pm Nov 26, 2022 2:49pm
  •  HBN08
  • Joined Mar 2020 | Status: unity | 41 Comments
Quoting zOrO2kX
Disliked
This will create pressure on USA to start QA o at least stop the QT. We are already in Global Recession and now, nothing can stop it. Taking this in context, what I expect the following weeks for the markets: 1. Small bounce in markets 2. FED realize we are already in a point of no return and stop QT 3. Big leg down in the markets 4. We finally form a bottom
Ignored
still wana see 124 to 126.dxy
 
 
  • Comment #4
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  • Nov 26, 2022 8:06pm Nov 26, 2022 8:06pm
  •  zOrO2kX
  • | Joined Jun 2013 | Status: Member | 36 Comments
Quoting HBN08
Disliked
{quote} still wana see 124 to 126.dxy
Ignored
Have you seen what happens to the DXY (and the markets in general) when the FED stops QT and starts QE?
 
 
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  • Story Stats
  • Posted: Nov 25, 2022 6:57am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 4  /  Views: 2,249
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