Market Currents
China is cutting the reserve ratio requirement for large banks by 50 bps to 20%, effective on...
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Sunday, May 13, 2012, 2:42 AM ETChina is cutting the reserve ratio requirement for large banks by 50 bps to 20%, effective on Friday. The move follows weak data last week and is the third reduction in 6 months, although economists are divided about the effectiveness of the action. One says lending is weak because there are few decent loans to make, not because the banks are short of cash.
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Stocks and Markets rise and fall in discernible patterns motivated by our collective emotions. These emotional patterns remain present in the markets despite Government manipulation through programs such as Currency Swap agreements with the EBC, Quantitative easing programs, and other monetary injections of capital into markets that are simply too numerous to catalog for the purpose of this article. These injections of capital will produce a overall positive trend in the markets, yet contained within the trend are periods of volatile downside risk.
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