China Foreign Reserves Data May Suggest Less Need to Ease: ChartBloomberg News
Economists expect data today to show the pace of decline in China’s foreign-exchange reserves slowed in March as a stronger yuan allowed the central bank to scale back intervention and stem capital outflows. With improved liquidity, the People’s Bank of China could delay cutting the reserve requirement ratio. Over the past 10 years, there has been a close correlation between the ratio and China’s foreign currency trove.
— With assistance by Jimmy Zhu