The 50bp reduction in China’s reserve requirement ratio (RRR), effective on 5 February, is less of a policy easing than it appears, says Fitch Ratings. The measure compensates almost exactly for liquidity destroyed by cross-border capital outflows during...
Yesterday saw the EURO start fighting back after an extended period of losses from the start of the year. The Swiss national bank (SNB) decision to discontinue their minimum cap of 1.20 against the EURO, the European Central Bank (ECB) decision to initiate a series of...
