✉news BusinessBanking first seen 13 h ago, last 6 h ago, peak #10
PBOC says market decides yuan's exchange rate
Original: PBOC: Market decides yuan's exchange rate
The People's Bank of China, the country's central bank, said the market determines the yuan's exchange rate. The statement was carried by China Daily and its Hong Kong edition. It signals Beijing reiterating that the currency's value is set by supply and demand rather than official direction, a message closely watched by investors tracking the yuan and China's monetary policy stance.
Why now: Investors and observers of Chinese monetary policy are focused on signals about the yuan's valuation and the central bank's stance.
People's Bank of ChinaChinese yuanChina Daily
Rank over time, top of the chart is #1. 4 snapshots from 13 h ago to 6 h ago.
Evidence
- PBOC: Market decides yuan's exchange rate · chinadailyhk
- PBOC: Market decides yuan's exchange rate · China Daily
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