The PBOC raised financial institutions' foreign-currency deposit reserve ratio from 4% to 6% (200 bps), effective today. The move aims to rebalance foreign-exchange market supply and demand and to break self‑fulfilling renminbi appreciation expectations.

2026-11-15

The PBOC raised financial institutions' foreign-currency deposit reserve ratio from 4% to 6% (200 bps), effective today. The move aims to rebalance foreign-exchange market supply and demand and to break self‑fulfilling renminbi appreciation expectations.