PBOC cuts RRR by 25 bps, with effect from 15 September

The weighed average RRR for financial institutions will be around 7.40% after the latest cut. The central banks adds that it will keep prudent monetary policy and ensure liquidity remains reasonably ample. This might not be the last time they resort to more RRR cuts for the year I would say.

This article was written by Justin Low at www.forexlive.com. Source