China’s PBOC Reaffirms Pledge to Make Yuan More Flexible
Yi Gang
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
The People’s Bank of China’s Governor Yi Gang reaffirmed a pledge to make the yuan exchange rate more flexible, while vowing to improve the monetary policy.
The central bank will keep the yuan basically stable at a reasonable equilibrium level, Yi reiterated in a meeting held Thursday to study the Communist Party’s twice-a-decade congress, according to a statement published by the PBOC.