© Reuters. Investing.com– The People’s Bank of China said on Friday that it will cut the amount of foreign exchange that is required to be held by banks, as it moves to stem further weakness in the yuan and support a slowing economic recovery. The PBOC said it will cut the foreign exchange reserve requirement
The news out of China from the weekend was of supportive policy moves: A snippet from UBS, analysts there are optimistic on the developments. On more broader moves from Chinese policy makers: China’s broader package of response measures is starting to take shape. This latest round of measures adds to a growing list of steps
