CHINA RAISES BANKS’ RESERVE REQUIREMENT RATIO 50bps

[Skip to the end] Seems everyone has this wrong? All reserve requirements do is raise the cost of funds for the banks, not the quantity of funds they can loan. Stephen Green’s thoughts on China: CHINA RAISES BANKS’ RESERVE REQUIREMENT RATIO 50bps: This is a significant move. Rrr hikes require state council to sign off so this [...]