# China's Central Bank Raises FX Deposit Reserve Ratio to 6%, First Increase Since 2021 to Curb Yuan Gains

> The People's Bank of China raised the reserve ratio on banks' foreign currency deposits from 4% to 6%, the first increase since December 2021. The move is expected to pull about $24 billion into central bank deposits and ease upward pressure on the yuan.

- Date: 2026-11-15 · published 2026-11-15T06:12:56.521Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/100796-china-s-central-bank-raises-fx-deposit-reserve-ratio-to-6-first-increase-since
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

By reducing the foreign currency available in the market, the step supports the dollar against the yuan, which slightly raises the cost of dollar-priced imports for Chinese feed buyers. The effect on commodity prices is limited.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-08-05 | [China's central bank denies devaluation is to counter tariffs](https://feedsoft.ai/events/5375-china-s-central-bank-denies-devaluation-is-to-counter-tariffs.md) | +1.8% | +3.1% |
| USDCNY | 2024-06-28 | [China’s central bank puts the yuan’s exchange-rate swings in crosshairs \| South China Morning Post](https://feedsoft.ai/events/30006-china-s-central-bank-puts-the-yuan-s-exchange-rate-swings-in-crosshairs-south.md) | -0.0% | -0.3% |
| USDCNY | 2024-05-23 | [China Allows Yuan to Drop as Outflows, Dollar Test Central Bank’s Grip - Caixin Global](https://feedsoft.ai/events/30490-china-allows-yuan-to-drop-as-outflows-dollar-test-central-bank-s-grip-caixin.md) | +0.1% | +0.3% |
| USDCNY | 2018-06-29 | [Renminbi Continues to Fall: Central bank sets yuan midpoint fixing against dollar at 6.6166 - CGTN](https://feedsoft.ai/events/64735-renminbi-continues-to-fall-central-bank-sets-yuan-midpoint-fixing-against.md) | +0.2% | +2.8% |

## Sources

- nikkei.com: https://www.nikkei.com/article/DGXZQOGM135BA0T11C26A1000000/

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