PBOC raises foreign-exchange deposit reserve ratio to 6% from 4% effective Nov. 15
Question
PBOC raises foreign-exchange deposit reserve ratio to 6% from 4% effective Nov. 15
Direct answer
The measure is intended to manage foreign-exchange liquidity and may lean against yuan appreciation after the recent fixing was weaker than market estimates.[5]
- Original publisher
- Market Ontology
- Evidence through
- 2026-11-03
- Published
- 2026-11-03
- Revision
- 1 · 2026-11-12
Cite as: Market Ontology, “PBOC raises foreign-exchange deposit reserve ratio to 6% from 4% effective Nov. 15”, revision 1, evidence through 2026-11-03. https://marketontology.com/market-events/2026-11-03/pboc-raises-foreign-exchange-deposit-reserve-ratio-to-6-from-4-effective-nov-15-9c4763
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| USD/CNY | tighter foreign-currency liquidity and an official effort to resist yuan appreciation can support the dollar against the yuan | Up1-5d | PBOC raised the FX deposit reserve ratio to 6% and set a weaker-than-expected yuan fixing |
| CNH | the policy reduces available foreign currency onshore and signals tolerance for a softer yuan | Down1-5d | PBOC raised the FX deposit reserve ratio by two percentage points |
| AUD/CNY | a softer yuan can reduce Chinese purchasing power for commodities and weigh on the renminbi cross | Up1-5d | PBOC introduced a measure that may curb yuan appreciation |
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| CNH | Downdisagreed | 11.73 2026-11-03 | -0.17% | +4.52% | Pending |
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Sources
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