Logo 14 Jan 2025

Monetary authorities signal more RMB intervention

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China’s central bank (PBoC) is hammering home the message that it’s going to be more hands-on in managing the yuan.
On Monday, the Foreign Exchange Market Steering Committee (FEMSC) – an FX industry body that is jointly chaired by the PBoC and the forex regulator (SAFE) – said regulators would “stab...