The "stable exchange rate" signal comes to the central bank to reduce the foreign exchange deposit reserve ratio of 2 percentage points

On September 5, the People's Bank of China issued an announcement saying that in order to improve the ability of foreign exchange funds for financial institutions, it was decided that starting from September 15, 2022, the foreign exchange deposit reserve ratio of financial institutions was reduced by 2 percentage points, that is, the foreign exchange deposit reserve ratio was from the current current current.8%down to 6%.

Experts said that this policy measure can fluctuate the foreign exchange market through affecting foreign exchange supply and demand and liquidity, which helps to "cool down" the unilateral depreciation of the RMB and slow down the pressure of excessive depreciation of the RMB, so as to promote the supply and demand of the domestic foreign exchange market supply and demandBalancing makes the renminbi exchange rate back to the basic stability at the reasonable and balanced level.

Planning: Liang Min

Reporter: Fan Zimeng Li Dan

Video production: Enron Wang Yuan

Supervision: Lin Yanxing

Produced by SSE Audio Video Center

[Responsible editor: Qianzhong Bing]

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