PBOC is expected to cut the RRR soon – China Press

Market news

29 March 2022

PBOC is expected to cut the RRR soon – China Press

According to a state-owned newspaper, China Securities Times, the People's Bank of China is likely to cut banks’ reserve requirement ratio (RRR) soon.

The Chinese central bank is expected to slash the RRR to boost liquidity and support growth in the second quarter of 2022.

Read: PBOC may gradually shift away from RRR cuts – Bloomberg

Market reaction

USD/CNY came under fresh selling pressure and gave up the 6.3700 level on the above headlines.

The pair is currently trading at 6.3680, losing 0.07% on the day.

Commodities. Daily history for Monday, March 28, 2022

Schedule for today, Tuesday, March 29, 2022

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