About RMB50 billion will be released into the interbank system as a result of the Chinese central bank's latest targeted bank reserve requirement ratio (RRR) cut. Therefore, the policy initiative's direct impact is quite small and markets could be somewhat disappointed, according to a report by BofA Merrill Lynch Global Research. The People's Bank of […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
Visit the original source and full text: China Money Network
Any news and links syndicated from other sources are copyright those respective websites and/or publications. We post brief synopsis and links per what the respective websites' RSS feeds provide.