Home PBOC’s Zhu: Yuan can be kept stable despite cuts in RRR

PBOC’s Zhu: Yuan can be kept stable despite cuts in RRR

Published date: 15 Jan. 2019 | 05:12

Further comments reported by Reuters from the People’s Bank of China’s (PBOC) Deputy Governor Zhu, as he now speaks about the Chinese currency.

Zhu noted that he is confident that the PBOC can keep the Yuan stable despite cuts in banks’ reserve requirement ratio (RRR).

As announced earlier this month, the Chinese central bank slashed the Reserve Requirement Ratio (RRR) by 0.5 percentage point today and will cut rates by another 0.5 percentage point on January, 25^th.

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