China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, a move seen aimed at slowing the pace of recent yuan declines. The People’s Bank of China (PBOC) said it would cut the foreign exchange...
https://www.hellenicshippingnews.com/china-to-cut-banks-fx-reserve-ratio-to-rein-in-yuan-weakness/