China to keep yuan stable, says central bank governor

by Aurelia Butler 3 November 2022, 11:56 149 Views

HONG KONG (Reuters) – China will keep the yuan currency stable and increase flexibility of the yuan exchange rate, the central bank governor said on Thursday.

Yi Gang, governor of the People’s Bank of China (PBOC), also said it is necessary to deepen financial reform and strengthen and improve modern financial supervision, according to a statement from the PBOC.

Source: Economy - investing.com

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China to keep yuan stable, says central bank governor

U.S. weekly jobless claims fall; layoffs pick up in October

ECB can’t just mimic Fed in fight against inflation, Lagarde says

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