PBOC’s Yi Says Yuan Floating Band to Be Widened Further

The yuan’s trading band will be widened “in the near future,” said Yi Gang, deputy governor of the People’s Bank of China, after the currency rallied yesterday to a 19-year high. “The exchange rate is going to be more market-oriented,” Yi said at an International Monetary Fund conference in Washi…

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PBOC’s Yi Says Yuan Floating Band to Be Widened Further

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