Published on Monday, June 21, 2010 | Updated on Thursday, June 16, 2016

China signals currency flexibility

Summary

The People’s Bank of China (PBOC) has announced a change to its currency framework to allow greater flexibility based on a currency basket. The PBOC emphasized a gradual approach, and has ruled out any one-step revaluation.

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BBVA Research BBVA Research

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English - June 21, 2010

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