China signals currency flexibility
Published on Monday, June 21, 2010 | Updated on Thursday, June 16, 2016
China signals currency flexibility
Summary
The People’s Bank of China (PBOC) has announced a change to its currency framework to allow greater flexibility based on a currency basket. The PBOC emphasized a gradual approach, and has ruled out any one-step revaluation.
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research