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PBOC to change the way it calculates the yuan’s daily reference rate

ByEamonn Sheridan

May 26, 2017

The People’s Bank of China plans to add a  "counter-cyclical adjustment factor" that’ll blunt the impact of big market swings
So reports Bloomberg, citing people familiar with the matter

Related posts:

  1. Japan Retail Trade (YoY) registered at 0.5%, below expectations (1.7%) in February
  2. Italy’ trade surplus widens to €5.36 billion in March
  3. MNI sources reporting that ECB likely to keep rates on hold until at least year-end
  4. New Zealand CPI Climbs 0.2% In Q3

By Eamonn Sheridan

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