PBOC vows to boost yuan flexibility

Macroeconomics

Friday, October 10, 2008 21:06:36

	PBOC vows to boost yuan flexibility By STAFF EDITOR Published: April 01, 2008 06:41 PM The People's Bank of China (PBOC) vowed to perfect its yuan exchange rate mechanism to allow for a more flexible valuation of the yuan, the South China Morning Post reported. "The [exchange rate] system shall reflect better demand and supply conditions in the market," the central bank said in a statement ahead of a visit by US treasury secretary ... You are currently reading 63 words of 193 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: Central Bank , currency , Bank of China , Beijing , inflation	More Articles in Macroeconomics > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Counting the economic cost of the Sichuan earthquake Yuan lending stokes inflation fears China’s forex reserves up US$40b-plus in July: Experts Greenback loses favor with Chinese exporters Wholesale prices gain 10% Prices “unacceptable”: Bank survey Hangzhou remains No 1 in Forbes best commercial city rankings

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