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PBoC is to raise the forex reserve requirement ratio by 2ppts from 4% to 6% effective November 15th
ORIGINAL · NewsquawkPBoC is to raise the forex reserve requirement ratio by 2ppts from 4% to 6% effective November 15thRead originalHide original
PBoC decided to raise the Foreign Exchange Deposit Reserve Ratio for financial institutions. Measure is designed to improve the management of foreign currency liquidity in financial institutions.
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The PBoC announced a prospective increase in financial institutions’ foreign-exchange reserve ratio effective November 15, citing liquidity management; Reuters also reported a yuan-related rationale.
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PBoC decided to raise the Foreign Exchange Deposit Reserve Ratio for financial institutions. Measure is designed to improve the management of foreign currency liquidity in financial institutions.
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