wait a moment

Chinese markets tumble as PBOC cuts RRR again

China’s stock markets tumbled on Monday, as investors were unnerved by the central bank’s decision to slash the amount of cash that the country’s lenders must hold as reserves, in a bid to help spur economic growth.

The People’s Bank of China (PBOC) announced measures on Sunday to cut the reserve requirement ratio (RRR) — or the amount of cash that most commercial banks need to set aside at the central bank.

The move, the central bank’s fourth in 2018, came amid concerns about the economic impact of Beijing’s ongoing trade war with Washington.


  • Noisy Markets

  • GBP/USD – British pound loses ground as dollar remains strong

  • Oil falls to $83 as Iran sanctions near

  • India places order for Iranian oil ahead of US sanctions

  • Chinese markets tumble as PBOC cuts RRR again

  • Brazil stocks rally on far right election victory

  • USD/JPY – Japanese yen rally continues as dollar retreats to 113

  • XAU/USD – Gold slides as treasury bonds climb

  • DAX – Slump in bank shares drag DAX to 4-week low

  • EUR/USD – Euro starts week with losses, U.S banks closed for holiday

cfd trading tips