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.
PBOC cuts FX reserve ratio by 200 bps to restrain yuan weakness
- The foreign exchange reserve requirement ratio will be cut from 8% to 6%
