China Cuts Reserve Ratio By 50bps Ahead Of January's $400 Billion "Liquidity Hole"
• https://www.zerohedge.com by Tyler DurdenJust three days after China quietly cut rates by 20bps when it ordered banks to switch from the traditional Benchmark 1 year rate to the new Loan Prime Rate (aka China's LIBOR) as the reference rate for new short-term loans, effectively lowering the
