China’s Next Warning

By |2019-09-06T15:48:42-04:00September 6th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Chinese monetary authorities announced today what will be for some of its banks a seventh round of “stimulus.” For the largest institutions, it will "only" be their sixth and the first one since January 2019. The PBOC has decided it is time for more RRR cuts. Effective September 16, the ratio all banks are required [...]