The central bank shot!The foreign exchange risk reserve rate of the remote sales business will be increased to 20%

Zhongxin Jingwei, September 26 (Wan Keyi Dong Xiangyi) According to the central bank's website on the 26th, in order to stabilize the foreign exchange market expectations and strengthen macro -prudential management, the People's Bank of China decided that from September 28, 2022, it will be in the long run. The foreign exchange risk reserve rate of the foreign exchange sales business is raised from 0 to 20%.

Screenshot source: central bank website

After the news was released, the offshore RMB rose 89 basis points against the US dollar, and it is now reported to 7.1474.

Guan Tao, the chief economist of BOC Securities, told Zhongxin Jingwei that from the previous experience, the ups and downs of foreign exchange risk reserve ratio is an important and effective macro -prudential measure to respond to the fluctuation of exchange rate fluctuations. This restart will help regulate the demand for long -term foreign exchange purchase, inhibit the periodic effect of the cyclical sheep, and promote the stability of the RMB exchange rate.

In addition, according to the website of the China Foreign Exchange Trading Center on the 26th, the RMB degraded 378 basis points against the US dollar in the intermediate price of the US dollar, at 7.0298, the lowest since July 7, 2020.

Zhongxin Jingwei noticed that the central bank announced on September 5th that in order to improve the ability of foreign exchange funds for financial institutions, from September 15, 2022, the foreign exchange deposit reserve ratio of financial institutions was 2 percentage points, that is, foreign exchange deposit reserves The rate is lowered from the current 8%to 6%. (Zhongxin Jingwei APP)

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