PBoC is to cut FX Risk Reserve Ratio for forward FX sales to 0% from 20% effective March 2nd to promote FX market development and support corporate exchange rate risk management
Newsquawk Staff ·
PBoC is to cut FX Risk Reserve Ratio for forward FX sales to 0% from 20% effective March 2nd to promote FX market development and support corporate exchange rate risk management.
What it means
The PBoC's decision to cut the FX Risk Reserve Ratio for forward FX sales to 0% indicates a more accommodative stance aimed at bolstering FX market development. This move is likely to increase liquidity and flexibility for corporations managing exchange rate risks, potentially affecting the USD/CNH and overall FX sentiment, as it signals a willing support for stability amidst broader economic conditions.
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