Latest / The Audio Blog of Steven Sirski
SSAB - September 24, 2024
China cuts some rate, and so? https://www.zerohedge.com/markets/china-panics-cuts-multiple-rates-and-reserve-ratio-requirements-goes-all-prop-stocks * The PBOC will reduce the 7-day reverse repo rate by 20bps. * The PBOC will cut the reserve requirement ratio by 0.5%, a move that will free up1 trillion yuan ($142 billion) in liquidity, Pan said. * China may also cut the RRR further this year by another 0.25 to 0.5% at the appropriate time. * The PBOC will cut the 1 Year MLF rate by 30bps * The PBOC will also lower the rates for existing mortgages and cut the down payment ratio on second homes…
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