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PBOC: Need to gradually adjust RRR based on balance of payments

PBOC: Need to gradually adjust RRR based on balance of payments

Central Banks
Ryan Littlestone
08/04/2016 | 10:28 GMT

The PBOC is out with a working paper via Reuters

  • Need to gradually adjust RRR based on balance of payments and economic adjustment
  • Will further explore the interest rate corridor
  • Will further develop financial derivatives to help commercial bank hedge risks

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