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The People's Bank of China cut the foreign exchange reserve requirement ratio by 1 percentage point to 8%, effective May 15. The yuan had fallen about 3% in April, and the central bank set its midpoint at its weakest level since April 2021.
The cut lowers the foreign currency banks must hold, easing pressure on the yuan and supporting Chinese import capacity for commodities. It signals that Beijing is willing to slow currency weakness.
cnbc.comEvelyn Cheng27 apr 2022Na 50 eerdere neerwaarts beleid-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan -0,1% over 5 sessies (46% hoger; middelste helft -0,4% tot +0,4%), en -0,0% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Reports the PBOC's weakest midpoint since April 2021 and a roughly 3% April fall, showing persistent depreciation pressure into the 28th despite the policy response.
