PBOC willing to tolerate temporary yuan fluctuations

By FXStreet FXStreet (Bali) – According to People’s Daily (overseas edition), via Bloomberg, the PBOC would be willing to tolerate temporary yuan FX rate fluctuations.

“China is willing to stand temporary fluctuations in currency rates to gain independence over its monetary policy”, the Ministry of Commerce researcher Mei Xinyu said.
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Source:: FX Street