FOREX purchases increased CNY 25.115bn to CNY 25.52trnby end of February.

By bne IntelliNews March 21, 2012
China's foreign exchange (FOREX) purchases increased to CNY 25.52trn by end of February this year, higher by CNY 25.115bn from the level posted in January. As reported by Asia Pulse, the figure marked an increase for two consecutive months in the period after declining for three months over the period from October to December last year. The sluggish increase in the FOREX purchase has yet again aroused market expectations that the central bank is likely to further lower the required reserve ratio (RRR) in order to control the liquidity in circulation.

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