Bank of China: PBOC Should Cut RRR by 0.5% in Q2
In its outlook report published earlier today, Bank of China revealed China’s GDP forecasts for Q1 & Q2, while noted that the Chinese central bank should lowering RRR in Q2.
Key Quotes:
China Q1 GDP growth at about 6.6%, Q2 at about 6.7%
PBOC should cut RRR by 0.5% in Q2
Required Rate of Return (RRR)
The minimum expected yield by investors require in order to select a particular investment.
(Market News Provided by FXstreet)
