PBoC cuts RRR by 50bps to 19.5 percent

FXStreet (London) - The People’s Bank of China has cut its reserve requirement ratio by 50bps to 19.5 percent. While the move was not unexpected, the timing of it caught markets by surprise.

The cut makes it the 16th central bank to cut rates so far in 2015, though the move was relatively minor compared with others and more reliant on signalling effects.