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DewDiligence

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DewDiligence

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Re: DewDiligence post# 5211

Wednesday, 02/04/2015 2:59:56 PM

Wednesday, February 04, 2015 2:59:56 PM

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China cuts bank-reserve requirement (first time since 2012):

http://www.wsj.com/articles/china-cuts-reserve-requirement-ratio-1423047341

The PBOC on Wednesday cut by half a percentage point the amount of deposits set aside by commercial banks in case of financial trouble, known as the reserve-requirement ratio. The move, which takes effect on Thursday, frees up about 500 billion yuan, or about $81 billion, in additional funds that banks can now lend. Other targeted measures aimed at agriculture and small business added an additional 160 billion yuan, according to analysts.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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