The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points. Photo: EPA-EFE
The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points. Photo: EPA-EFE
Yuan
Economy /  Economic Indicators

China’s yuan strength becoming ‘increasingly uncomfortable’ for Beijing amid economic slowdown

  • The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points
  • This was the highest on record since Bloomberg started the survey with analysts and traders in 2018

Bloomberg
Bloomberg

Updated: 7:14pm, 18 Mar, 2022

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The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points. Photo: EPA-EFE
The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points. Photo: EPA-EFE
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