Wall Street Journal (August 23)
2015/ 08/ 25 by jd in Global News
“The People’s Bank of China is preparing to flood the banking system with liquidity to boost lending,” most likely by reducing the reserve-requirement ratio by half a percentage point. The planned move “signals that the Chinese central bank’s exchange-rate maneuvering in the past two weeks is backfiring, forcing it to again resort to the reserve-requirement reduction, the same easing measure that so far has failed to help spur economic activity.”
Tags: Backfiring, China, Easing, Exchange rate, Lending, Liquidity, PBOC, Reserve requirement
