Tag Archives: counter-cyclical adjustment factor

Aug 31, 2018

“Counter-cyclical” adjustment factor resumed to anchor Chinese currency

China resumed CNY fixing “counter-cyclical” adjustment factor The People’s Bank of China (PBOC) announced on August 24 that China’s CNY fixing reporting banks have resumed the counter-cyclical adjustment (CCA) factor in the CNY official midpoint this month. This is the second move of Chinese authorities after the adoption of a 20% reserve requirement of FX…

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