Goldman: PBOC Actions Were To Boost Liquidity – ValueWalk Premium

Goldman: PBOC Actions Were To Boost Liquidity

Don’t be deceived by signals coming out of the People’s Bank of China. When the media reported the PBOC had approved a 100 basis point cut in the bank’s Reserve Requirement Ratio (RRR), that was not an easing signal, Goldman Sachs analysis surmises. The Goldman analysis comes nearly one month after they proclaimed not to be worried about a China credit crisis. One month later, however, they noted Chinese defaults are rising rapidly.

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