# PBOC raises FX deposit reserve ratio; yuan spot opens 202 pips weaker at 6.6660

> The PBOC will raise the foreign-currency deposit reserve ratio for financial institutions by 2 percentage points, from 4% to 6%, effective November 15. The yuan spot opened 202 pips weaker at 6.6660 after the announcement, with the dollar briefly jumping about 200 pips offshore.

- Date: 2026-11-15 · published 2026-11-15T03:12:12.889Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/100582-pboc-raises-fx-deposit-reserve-ratio-yuan-spot-opens-202-pips-weaker-at-6-6660
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Tighter FX liquidity can curb yuan appreciation and affect the local-currency cost of dollar-priced grain and meal imports.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-12-11 | [Weaker Chinese yuan talk raises spectre of FX race to the bottom](https://feedsoft.ai/events/27169-weaker-chinese-yuan-talk-raises-spectre-of-fx-race-to-the-bottom.md) | +0.5% | +1.1% |
| USDCNY | 2023-03-20 | [China's yuan eases after reserve ratio cut; Fed decision in focus \| Financial Post](https://feedsoft.ai/events/37090-china-s-yuan-eases-after-reserve-ratio-cut-fed-decision-in-focus-financial-post.md) | -0.3% | -0.3% |
| USDCNY | 2022-01-05 | [PBOC-backed newspaper warns of yuan depreciation pressure in 2022 \| Reuters](https://feedsoft.ai/events/43357-pboc-backed-newspaper-warns-of-yuan-depreciation-pressure-in-2022-reuters.md) | +0.0% | -0.2% |
| USDCNY | 2022-04-26 | [PBOC seeks to calm markets with reserve ratio cut - Asia Times](https://feedsoft.ai/events/42068-pboc-seeks-to-calm-markets-with-reserve-ratio-cut-asia-times.md) | +0.8% | +1.4% |
| USDCNY | 2025-08-28 | [Chinese Yuan Rises After PBOC Fixing - WSJ](https://feedsoft.ai/events/23542-chinese-yuan-rises-after-pboc-fixing-wsj.md) | -0.2% | -0.3% |

## Sources

- etnet.com.hk: https://www.etnet.com.hk/www/tc/forex/news-article/20261103830/%E3%80%90%E8%81%9A%E7%84%A6%E4%BA%BA%E5%B9%A3%E3%80%91%E4%BA%BA%E8%A1%8C%E4%B8%8A%E8%AA%BF%E9%87%91%E8%9E%8D%E6%A9%9F%E6%A7%8B%E5%A4%96%E5%8C%AF%E5%AD%98%E6%AC%BE%E6%BA%96%E5%82%99%E9%87%91%E7%8E%87%EF%BC%8C%E4%BA%BA%E6%B0%91%E5%B9%A3%E5%8D%B3%E6%9C%9F%E9%96%8B%E5%B8%82%E8%B2%B6202%E9%BB%9E%E5%AD%90%E5%A0%B16.6660

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.