Randam Ron Paulism
I am just absolutely convinced that the best formula for giving us peace and preserving the American way of life is freedom, limited government, and minding our own business overseas.”
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.