New RRR rules will not affect domestic liquidity - PBOC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Having announced the introduction of new rules on onshore yuan markets over the weekend, China’s central bank, PBOC, is now crossing the wires noting that the new measure will not affect domestic liquidity.

    Key Headlines:

    To start applying rrr to some banks involved in offshore Yuan market

    New rrr rules for offshore Yuan market effective January 25

    New rrr rules will not affect domestic liquidity

    Will continue to use multiple policy tools to maintain ample liquidity in domestic banking system
    For more information, read our latest forex news.

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