PBoC eases despite continued depreciation fears
Renminbi strengthens following China central bank's reserve requirement cut
Renminbi strengthened against the US dollar today (March 1) following the People's Bank of China's (PBoC) decision on Monday to cut banks' reserve requirement ratios (RRR), intensifying monetary stimulus despite recent months' rapid credit expansion and large-scale capital outflows.
The RRR cut off 50 basis points to 17% for major banks, the PBoC's first since October, is likely to furnish China's banking system with an immediate liquidity injection of 650–700 billion yuan, several banks predict
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Liquidity Risk
Stable relationships still vital in FX, say asset managers
Accessing liquidity when needed is more important than price, according to buy side
Cboe FX unveils new relationship trading platform
Market participants can source top liquidity directly with no fees on Cboe FX Point
Liquidity the biggest hurdle for traders in 2019 – JP Morgan survey
E-trading poll of 200 institutional traders highlights impact of Mifid II
Citadel Securities: algo trading to rise, buy side seeks broader liquidity provision
As TCA metrics highlight the benefits of non-bank liquidity provision, Citadel Securities expects more participants will be drawn to its offering
BestX: FX Code may bifurcate liquidity in 2018
This could lead to venues having to manage multiple liquidity streams
Last look times should reflect faster data, say panellists
Risk warehousing timeframes have shrunk; market-makers no longer divided into banks and non-banks
XTX sounds death knell for last look
The NBLP launches new analytical tool, which Jeremy Smart says will make last look obsolete
Growth of NBLPs thwarted by credit structure, platform heads say
Alternative LPs look to do more relationship-based trading rather than streaming prices anonymously
