PBoC cuts reserve requirement by 50bp - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted that the PBOC cut its reserve requirement by 50 bp to 19.5%.

Key Quotes:

"It also further eased reserve requirements to support the specific sectors such as agricultural and SMEs."

"This probably means more rate cuts are on the way, but the move also relates to the tighter liquidity situation ahead of the Chinese New Year’s."