People's Bank of China decided

People's Bank of China decided to reduce the reserve rate of foreign exchange deposits of financial institutions

In order to enhance the ability of foreign exchange funds for financial institutions, the People's Bank of China decided that starting from September 15, 2022, the foreign exchange deposit reserve ratio of financial institutions has been reduced by 2 percentage points, that is, the foreign exchange deposit reserve ratio has been reduced from the current 8%to 6%.

Source: People's Bank of China

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