Economics
China Weighing Up Range of Risks in Currency Policy, PBOC Says
- Governor talks to Bloomberg in an exclusive interview in Bali
- Yuan has normal volatility, to stay in reasonable range: Yi
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China’s central bank is considering a range of risks in its currency policy, including a worst-case scenario, Governor Yi Gang said.
As the yuan inches closer to the psychologically important level of 7 per dollar amid rising trade tensions with the U.S., the People’s Bank of China governor told Bloomberg in an exclusive interview that the Chinese currency is at a “reasonable and equilibrium level.”