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PBOC says to keep yuan exchange rate basically stable

PBOC says to keep yuan exchange rate basically stable
  • Impact from rate hikes in developed countries on China's economy will be limited
  • Expects China inflation to remain moderate in 2023
  • Inflation pressure under control in the near-term

The yuan has been one of the top performing currencies to start the new year, with USD/CNY sliding from 6.90 to 6.70 in the opening two weeks as the Chinese economy re-opens more meaningfully after the end of its zero-Covid policy. That's another... Read More

Posted: Jan 13 2023, 08:47
Author Name: forexlive
Views: 110221

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