PBOC’s Sun: No need to lower regulatory requirement on banks' capital adequacy ratio
|There is no need to lower regulatory requirements on banks' capital adequacy ratio, said the People’s Bank of China (PBOC) Vice Governor Sun Guofeng on Tuesday.
He said that the central bank is still running internal tests of digital currency and that no official launch is scheduled.
Earlier today, the PBOC injected 250 billion yuan (about USD36.12 billion) into the market through seven-day reverse repos at 2.20%, and 50 billion yuan through 14-day reverse repos at 2.35%.
Market reaction
The risk sentiment remains buoyed amid US-China trade optimism, as markets ignore the above comments.
AUD/USD is off the highs but trades firmer around 0.7172, at the time of writing.
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