<p style=““ class=“text-align-justify“>The move will go into effect as of 5 December as the central bank says that it wants to keep liquidity ample and strengthen implementation of prudent monetary policy. This was already pre-empted by Eamonn in his earlier posts this week:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/pboc-rrr-cut-may-be-in-the-next-few-days-20221124/“ target=“_blank“>PBOC RRR cut may be in the next few days</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/chinese-state-financial-media-says-an-rrr-cut-for-all-banks-is-likely-20221125/“ target=“_blank“>Chinese state financial media says an RRR cut for all banks is likely</a></li></ul>

This article was written by Justin Low at forexlive.com.