China Cuts Reserve Requirement Ratio Again


Written by Yichao Wang, GEI Associate

The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) by 1% to 18.5% on April 20. This reduction injects over 1.2 trillion Chinese yuan (US$194 billion) of new liquidity which could boost lending. It is already the second industry-wide cut in less than three months, following the 0.5% cut in late January.

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What We Read Today 26 April 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Infographic Of The Day: Grocery Loyalty

Driving loyalty in grocery is complex.

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Infographic Of The Day: Grocery Loyalty

Driving loyalty in grocery is complex.

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Video of the Day:

Casey just oozes energy, amazing what he comes up with, love these vlogs and inspirational ideas. Casey's mind is incredible, his simple ideas that he turns into masterpieces. Maybe it's just telling that the most amazing things ARE the little things.

video of day picture

FOREX NEWS by DailyForex

Weekly Economic & Political Timeline

This week can be expected to be more active than last week, with the primary focus certain to fall upon the US Federal Reserve followed by the Bank of Japan and the Royal Bank of New Zealand the following day, as all will be releasing major policy statements and announcing interest rates.

What’s in Store for Greece

With focus on a May 6 interest repayment to the International Monetary Fund and the next Eurogroup meeting on May 11 in Brussels, Greece has a number of funding hurdles to clear before then and beyond.

UK Deficit Falls Faster Than Forecast

Figures just released show that the government’s borrowing (to meet the deficit between the nation’s receipts and its expenditure) in March fell to £7.4 billion.

Japanese Yields Shift Below Zero

Driven by a lack of selling, Japanese yields fell below zero for the first time since January. Two-year yields fell one basis point to minus 0.015 percent following the central bank’s move to purchase 520 billion yen in debt.

Kiwi Dollar Flops on RNBZ Comments

After comments from an official of the New Zealand Reserve Bank which hinted at consideration for lower interest rates, the Kiwi Dollar skidded nearly 1.5% against its US rival during the Asian and European sessions.
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Insider Trading 24 April 2015: We Are in the Thick of Earnings Season So Insider Transactions Are Muted

by Asif Suria

Insider buying increased last week with insiders buying $38.91 million of stock compared to $33.56 million in the week prior. Selling on the other hand decreased with insiders selling $561.54 million of stock last week compared to $883.34 million in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 14.43. In other words, insiders sold more than 14 times as much stock as they purchased.


 USA economy at a glance (boxed items are updates in last 7 days)

17 April 2015: ECRI's WLI Continues to Improve and Almost Out of Negative Territory

ECRI"s WLI Growth Index continues to trend upward but has remained in negative territory for 27 weeks. According to ECRI, this index is forecasting slower economic growth in 1H2015 and now into 2H2015.

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