New RRR rules will not affect domestic liquidity – PBOC

FXStreet (Mumbai) – Having announced the introduction of new rules on onshore yuan markets over the weekend, China’s central bank, PBOC, is now crossing the wires noting that the new measure will not affect domestic liquidity.

Key Headlines:

To start applying rrr to some banks involved in offshore Yuan market

New rrr rules for offshore Yuan market effective January 25

New rrr rules will not affect domestic liquidity

Will continue to use multiple policy tools to maintain ample liquidity in domestic banking system

Having announced the introduction of new rules on onshore yuan markets over the weekend, China’s central bank, PBOC, is now crossing the wires noting that the new measure will not affect domestic liquidity.

(Market News Provided by FXstreet)