PBOC cuts RRR by 25 bps, effective from Dec 5 PBOC CentralBanks InterestRate
The Chinese central bank said the bank’s Reserve Requirement Ratio cut effective as of December 5.New RRR cut will release around 500 bln yuan in long-term liquidity.Will not resort to flood-like stimulus.AUD/USD is unable to capitalize on the PBOC RRR cut, as it feels the pull of gravity on the back of a sudden strength in the US Dollar. The Aussie is losing 0.33% on the day to trade at 0.6732, as of writing.
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