The change will go into effect from 15 September onwards. The last time the PBOC made such a move was back in April, when they cut the ratio by 100 bps - also in a bid to limit weakness in the yuan. This follows the comments from earlier here.
The change will go into effect from 15 September onwards. The last time the PBOC made such a move was back in April, when they cut the ratio by 100 bps - also in a bid to limit weakness in the yuan. This follows the comments from earlier here.