PBOC raises banks’ FX deposit reserve requirement for second time this year after yuan hit strongest in over three years

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

China's central bank has lowered financial institutions' reserve requirement ratio for foreign exchange deposits for the second time this year after the local currency strengthened sharply to hit the strongest level in more than three years.

The People's Bank of China (PBOC) said it will raise the foreign exchange reserve requirement ratio (RRR) by 200 basis points to 9% from 7%, starting from Dec. 15, in a move to "strengthen foreign exchange liquidity . . .

Sign In or Subscribe To Get Full Access. 

 

KNOW IT NOW, NOT LATER.

We Are Live On THE WIRE Every Trading Day. Don't Miss Out.  See Samples

 

Join Us Now

 
 
 
 
 
 
 
 
 
 

Users' reviews 

 

They work with us