In a report published on Friday, the People’s Bank of China pledged to ‘reinforce macro-prudential management to keep the yuan exchange rate at reasonable and equilibrium level, if necessary’. Photo: Bloomberg

Beijing to stabilise the yuan, but intervention to cushion – not halt – currency’s decline, say analysts

  • Report suggests Chinese central bank will stabilise yuan in the short term, ahead of Trump-Xi meeting at G20 summit, but will allow it to decline gradually in long run
  • No mention of deleveraging hints at increasing debt-to-GDP ratio as well as weaker currency
Topic |   Yuan

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In a report published on Friday, the People’s Bank of China pledged to ‘reinforce macro-prudential management to keep the yuan exchange rate at reasonable and equilibrium level, if necessary’. Photo: Bloomberg
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