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  • China acts to crank up credit as lending, economy slow

    From reuters.com

    Read Full Story at reuters.com

    China's central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) in a bid to crank up credit creation as the world's second-biggest economy faces a fifth successive quarter of slowing growth. The People's Bank of China (PBOC) is on the course of gentle policy easing to cushion the world's fastest-growing major economy against stiff global headwinds as Europe's debt crisis grinds on, although it has been treading warily. The cut, announced late evening, is set to boost the confidence of domestic ... (full story)

    • Follow_Rules

      8 posts
    • Should have minimal real impact in the short-term as it takes time for bank to lend out money especially in short-term. Also amount is small compared to daily volume of forex traded.

    • Yao

      499 posts
    • and yet Aussie rocket liftoff.

    • Follow_Rules

      8 posts
    • I think that will have come down in time.

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  • Posted: Feb 19, 2012 4:06am

    Submitted by: FF News

    Category: Fundamental Analysis

  • 1,316 Views

  • 3 Comments

    Follow_Rules(2), Yao