Forex News China's central bank announced a cut to the foreign exchange reserve requirement ratio

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BSF Senior Staff
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Aug 19, 2023
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Abuja Nigeria
It is no longer news that China's central bank announced a cut to the foreign exchange reserve requirement ratio on Friday to boost onshore dollar liquidity, reinforcing the policy signal of safeguarding the overall stability of the renminbi's exchange rate.

Now to further bolster RMB PBOC cuts forex ratio is open for discussion.
 

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