PBOC cuts FX reserve ratio by 200 bps to restrain yuan weakness<p style="" class="text-align-justify">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 <a href="https://www.forexlive.com/centralbank/pboc-deputy-governor-dont-bet-on-one-way-moves-in-the-yuan-20220905/" target="_blank">here</a>.</p>
This article was written by Justin Low at www.forexlive.com.
Source: PBOC cuts FX reserve ratio by 200 bps to restrain yuan weakness (https://www.forexlive.com/news/pboc-cuts-fx-reserve-ratio-by-200-bps-to-restrain-yuan-weakness-20220905/https://www.forexlive.com/news/pboc-cuts-fx-reserve-ratio-by-200-bps-to-restrain-yuan-weakness-20220905/)
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