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There is but one special interest that we should be working for, and that would solve just about all of our problems, and that is our liberty.”
  —Ron Paul
 Speech on the Patriot Act, 2003

BREAKING: Chinese Central Bank Cuts Reserve Requirement Ratio By 0.5%

zhou china chinese BREAKING: Chinese Central Bank Cuts Reserve Requirement Ratio By 0.5%The People’s Bank of China has just cut the reserve requirement ratio for banks by 0.5% according to WSJ.

The cut is apparently due to take place on February 24.

It had been awhile since the last rate, cut, but recent hints from top leadership had indicated that one was coming.

While the country is still trying to choke off a housing bubble, there is obviously enough confidence about inflation being somewhat under check that easing can be undertaken.

This could provide a little juice for markets on Monday.


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