The People’s Bank of China deputy governor Yi Gang has pledged that China wants to transit towards a so-called “clean float” – a pure exchange rate determined only by supply and demand. Photo: Reuters
Opinion
Opinion
Across The Border
Why the PBOC has changed the way it computes the yuan’s daily midpoint
Analysts present the arguments, but could this be a first step made towards a ‘clean float’ of the national currency?
The People’s Bank of China deputy governor Yi Gang has pledged that China wants to transit towards a so-called “clean float” – a pure exchange rate determined only by supply and demand. Photo: Reuters