PBOC's Zhou unsure on reserves trend

The governor of the People's Bank of China said in Switzerland Monday 7 May the outlook for China's foreign reserves remains unclear following a big increase in the Q1.

"It remains to be seen how (reserves) will develop further," Zhou told reporters on the sidelines of the monthly meeting of G-10 central bank governors in Basel. "I can't say now; let's see the data."

"There were some special reasons" for the first quarter surge, Zhou said, citing companies' overseas profits, the fiscal calendar

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: