Abstract : China's central bank announced Monday that it will raise the reserve requirement ratio for foreign currency deposits by 2 percentage points from the current 5 percent to 7 percent, beginning June 15.
Photo taken on March 13, 2018 shows the headquarters of the People's Bank of China in Beijing, capital of China. (Xinhua/Cai Yang)
BEIJING, May 31 (Xinhua) -- China's central bank announced Monday that it will raise the reserve requirement ratio for foreign currency deposits by 2 percentage points from the current 5 percent to 7 percent, beginning June 15.
The move aims to strengthen the liquidity management of foreign currencies in financial institutions, the People's Bank of China said in an online statement.
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Keyword:
PBOC
reserve requirement ratio
Financial Str. Release
