China's central bank announced Wednesday its largest "economic first aid package" in two years. Measures include a 50-basis points cut in required cash reserves for banks, translating into around a $140 billion liquidity injection into the banking system, starting February 5th 2024 .
In the west the reserve requirement is zero since 2020. Most of the money printing was still happening through the banking system even when central banks said they were cuting rates.
nostr:nevent1qqsg5ddkvwch4zjuz7qdkxsays2fhhxy9nwz0p20ug3d0gsjwwayx0cpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyqe2dxhd54z4uh6e93zl4uqmc20tqvwrpkjcpdkcfwk4xl8a2p7dqqcyqqqqqqgushnhp
anything without scarcity is a double spenders paradise
Oddbean new post about login | logout