Skip to main content
PBoC to remove 20% reserve ratio as it aims for ‘reasonable and balanced’ renminbi
The People’s Bank of China is to scrap its reserve ratio for foreign exchange forwards sales in an apparent effort to curb yuan appreciation, shortly after it set its reference rate for the currency at a significantly lower level than the markets had expected.
The PBoC said today (February 27) that the reserve ratio required for FX forwards would be cut from 20% to zero from March 2. The central bank said it would continue to guide financial institutions to optimise exchange rate hedging products
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@fx-markets.com or view our subscription options here: https://subscriptions.fx-markets.com
You are currently unable to print this content. Please contact info@fx-markets.com to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
Most read articles loading…
Back to Top
You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.
Sign in
You are currently on corporate access.
To use this feature you will need an individual account. If you have one already please sign in.
Sign in.
Alternatively you can request an indvidual account here: