• PBoC governor Yi says that fluctuations in the yuan exchange rate are driven by the market

Noticias del mercado

5 agosto 2019

PBoC governor Yi says that fluctuations in the yuan exchange rate are driven by the market

  • Says China will not engage in competitive currency devaluation
  • Will not use yuan as a tool to cope with external disturbances, such as trade tensions
  • Current yuan exchange rate is at an appropriate level
  • Will keep yuan exchange rate stable on a balanced and reasonable level
  • Will maintain stability and consistency of FX management policies
  • Confident that the yuan will continue to be a strong currency

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