The PBoC would appreciate some depreciation
On Thursday, the People’s Bank of China (PBoC) announced that it will raise banks’ forex deposit ratio requirements from 7% to 9%, effective December 15.
The impact: The change compels banks to hold more foreign currency reserves, sucking (mostly) dollars out of the financial system.
According to th...
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.