NEWS ALERT : China will cuts RRR by 0.50% - Kedai Saham
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Monday, June 25, 2018

NEWS ALERT : China will cuts RRR by 0.50%

NEWS ALERT : China will cuts RRR by 0.50%

China's central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan ($108 billion) of liquidity, as it seeks to control leverage and support smaller companies.

The required reserve ratio for some banks will drop by 0.5 percentage point, effective July 5, the People's Bank of China said on its website. That's the day before the U.S. and China are scheduled to impose tariffs on each other.

Impact : Strong
Sentiment : Good for China Banking Stocks, Bad for Dollar

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