China's central bank announced it would cut the Required Reserve Ratio (RRR) for most banks by 1.0% effective October 15 for the fourth time in 2018, a little over three months after the PBOC announced a similar cut on June 24, as Beijing seeks to stimulate the slowing economy amid the growing trade war with the US, a slumping stock market, a sliding yuan and a record number of bond defaults.


www.zerohedge.com/news/2018-10-07/china-cuts-reserve-ratio-releases-12-trillion-yuan-amid-rising-trade-war-record


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