Rising Too Fast, Time for a Pause! China’s Central Bank Raises FX Reserve Requirement Ratio to 6%, Putting the Brakes on the Yuan’s Rapid Appreciation
On November 3, China’s central bank announced that it would raise the foreign exchange deposit reserve requirement ratio from 4% to 6%, effective November 15—the first increase in nearly five years. Following the announcement, USD/CNH jumped around 200 pips to a high of 6.6664, with the offshore yuan posting its first decline in nearly three weeks.Read more
3 Nov 2026