China|PBoC’s exchange rate reform is to usher volatility but not sharp RMB depreciation
Publicada el martes, 11 de agosto de 2015 | Actualizada el domingo, 13 de mayo de 2018
China|PBoC’s exchange rate reform is to usher volatility but not sharp RMB depreciation
Today, the PBoC announced a reform of the RMB exchange rate formation mechanism, seeking to increase the flexibility of the exchange rate. In particular, the daily opening fixing rate of the RMB will be directly formed by market makers, namely 35 large banks designated by the authorities, in China’s onshore FX market instead of being set by the PBoC previously.
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150811_Flash_CHINA_Aug_RMB fixing rate reform Inglés 11 de agosto de 2015
Temáticas
- Etiquetas de Temática
- Análisis Regional China
- Análisis Macroeconómico