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China's central bank no longer intervenes in the foreign exchange market

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China's central bank no longer intervenes in the foreign exchange market Empty China's central bank no longer intervenes in the foreign exchange market

Post by rocky on Sun 10 Mar 2019, 3:51 am

China's central bank no longer intervenes in the foreign exchange market

China's central bank no longer intervenes in the foreign exchange market 13523

China's central bank governor said on Sunday that the bank has stopped intervening in the foreign exchange market and that the yuan's exchange rate is not a major concern in the formulation of monetary policy.
China will not use exchange rates to boost exports or as a tool in trade disputes, Yi Gang, governor of the People's Bank of China, told a news conference on the sidelines of the annual parliament meeting.
Ye said China will keep the yuan stable and financial openness will continue with every design according to its timetable and reform requirements.


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