China | The State Council expanded the RMB floating band to stimulate exports and growth
Published on Friday, July 24, 2015 | Updated on Sunday, May 13, 2018
China | The State Council expanded the RMB floating band to stimulate exports and growth
Summary
Today, the State Council of China promulgated a series of new policies to stimulate exports and support growth, in response of the recent economic headwinds and stock market crash. The most important one is to expand the RMB floating band, after three expansions since the 2005 exchange rate reform, which will further promote financial liberalization.
Topics
- Topic Tags
- Regional Analysis China
- Macroeconomic Analysis
Authors
Jinyue Dong
BBVA Research - Senior Economist
Documents and files
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