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New offshore yuan RRR rules go into effect today

Discussion in 'Market News' started by ForexLive, Jan 24, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Measures Jan 18 were announced The spikes in HIBOR may have been related to a speculative squeeze on yuan shorts engineered by the PBOC. They took it a step further by announcing that offshore branches of onshore banks would be required to maintain the same required reserve ratios (RRR).

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