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PBOC-backed news said ample tools to stabilize FX market even if yuan enters a panic slide
Financial News is a PBOC media outlet in China. It published a commentary piece saying China has ample tools to stabilize the foreign-exchange market even if the yuan enters a “panic” slide. Such as:foreign-exchange risk-reserves ratiobanks’ FX deposit-reserve ratiothe countercyclical factor used in determining the PBOC’s daily reference rate for the yuan and the adjustment of macroprudential factors for cross-border financingThe piece in the media outlet comes after the People's Bank of China s...
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Posted: Jul 5 2023, 22:20
Author Name: forexlive
Views: 080971