Some suspect that the yuan’s exchange rate could reach 7.0 against the US dollar this year, amid the US monetary policy tightening. Photo: Reuters
US Fed rate hike: how can China stem capital outflow and prop up the yuan?
- As US central bank announces its sharpest rate increase in 22 years to address decades-high inflation, analysts speculate on how Beijing will try to soften the economic blow
- People’s Bank of China has a number of tools at its disposal, and extent of intervention will play a role in whether GDP growth goals are achievable
Some suspect that the yuan’s exchange rate could reach 7.0 against the US dollar this year, amid the US monetary policy tightening. Photo: Reuters