PBOC Deputy Governor: Will lower RRR for smaller banks

Dhwani Mehta FXStreet

The Deputy Governor at the Chinese central bank, the People’s Bank of China (PBOC) was on the wires last minutes, noting that the PBOC will lower the Reserve Requirement Ratio (RRR) for smaller banks.

He further said that the central bank will keep ample liquidity via various monetary policy tools.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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