The People's Bank of China missed its chance to cut interest rates for the real economy earlier this week, leaving the loan rates fixed at:3.45% for the one year4.20% for the five yearPBoC Loan Prime Rates (LPR) are unchanged @ 1 year 3.45% & 5 year 4.20%. As expectedThese are very, very high rates in real terms, with inflation running negative in the country. Instead, the PBoC have cut the reserve requirement ratio, which in effect frees up more funds for lending by banks. And thus generating more juicy high returns. Justin had the news as it happened:PBOC to cut reserve requirement ratio from 5 FebruaryAdam followed up:China finally turns on the taps. Is this it?This is weak stuff from the
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