Home PBOC’s Pan: Two-way fluctuation of the yuan will become a new normal

PBOC’s Pan: Two-way fluctuation of the yuan will become a new normal

Published date: 10 Jun. 2021 | 06:11

People’s Bank of China (PBOC) Deputy Governor Pan Gongsheng said on Thursday, the two-way fluctuation of the yuan will become a new normal.

His comments come after the PBOC Chief Yi Gang vowed to “keep yuan exchange rate basically stable at reasonable levels.”

The central banker also said that China’s interest rates are at appropriate levels.

Read: PBOC’s Yi: China’s economy is still functioning in a reasonable range

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