China Cuts Reserve Ratio Most Since 2008 In Scramble To Preserve Equity Bubble, Boost Economy

 – China Cuts Reserve Ratio Most Since 2008 In Scramble To Preserve Equity Bubble, Boost Economy (ZeroHedge, April 19, 2015):

As we observed yesterday when we showed that if comparing the collapse in China’s housing market with that of the US following their respective peaks then China is already a recession, we added that “as shown in the chart below [China] has recently engaged in several easing steps, with many more to come according to the sell-side consensus.” Sure enough, just a few hours later, the PBOC announced its second Reserve Requirement Ratio (RRR) for all banks since February 4, when China had its first industry-wide RRR cut since May 2012. The move will be effective Monday, April 20.

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