PBOC cuts FX reserve ratio by 200 bps to restrain yuan weakness

05/09/2022 | 09:27 GMT

The foreign exchange reserve requirement ratio will be cut from 8% to 6%

The change will go into effect from 15 September onwards. The last time the PBOC made such a move was back in April, when they cut the ratio by 100 bps - also in a bid to limit weakness in the yuan. This follows the comments from earlier here.

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