China's central bank says it will boost forex market resilience

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China's central bank says it will boost forex market resilience

, Reuters - 7:07 AM ET 3/21/2025 default

BEIJING, March 21 (Reuters) - China's central bank will cut the reserve requirement ratio and interest rates at the appropriate time and strengthen the resilience of its forex market, according to a statement of the bank's quarterly meeting of its monetary policy committee.

The committee of the People's Bank of China suggested stepping up monetary policy adjustment and control, and improving the monetary policy to be more forward-looking, targeted and effective, said the statement. (Reporting by Ellen Zhang, Yukun Zhang and Ryan Woo Editing by Tomasz Janowski)

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