- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- China: PBoC reduces Foreign Currency Deposit RRR – UOB
China: PBoC reduces Foreign Currency Deposit RRR – UOB
UOB Group’s Economist Ho Woei Chen, CFA, and Senior FX Strategist Peter Chia, review the latest decision by the PBoC.
Key Takeaways
“In a statement on Mon (5 Sep), the People’s Bank of China (PBoC) said the reserve requirement ratio for foreign currency deposits (FC RRR) will be reduced to 6% from the current 8% with effect from 15 Sep. This is the second FC RRR cut this year, following a 100bps reduction that took effect on 15 May.”
“Given the outstanding foreign currency deposits of about USD0.95 tn, the 2 percent point cut in the FC RRR is estimated to increase liquidity by around USD19 bn.”
“With the increasing headwinds in China, the PBoC will need to maintain an accommodative monetary policy and a proactive fiscal policy to support the recovery. Chinese officials said on Mon (5 Sep) that the government will accelerate its stimulus rollout in 3Q22. Policy priority will remain on stabilising the economy as well as preventing sharp depreciation to the CNY ahead of the 20th Party Congress that starts on 16 Oct. To further stem the depreciation, the PBoC may also increase offshore bill issuance to absorb the CNH liquidity.”
“The latest move is unlikely to be a game changer for the current bout of CNY weakness. We reiterate our current set of USD/CNY forecasts which are at 7.00 in 3Q22, 7.05 in 4Q22, 7.08 in 1Q23 and 7.10 in 2Q23.”
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
