日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Opinion / Op-Ed Contributors

Widen the trading band of the yuan

By Louis Kuijs (China Daily) Updated: 2014-03-18 07:39

On Saturday the People's Bank of China (PBoC) announced that, as of March 17, it would widen the trading band for the yuan from +/- 1 percent to +/- 2 percent. The widening was widely anticipated, although its timing was earlier than most people expected.

Widen the trading band of the yuan

Following the recent depreciation, the band widening is a strong signal that policymakers are moving towards more exchange rate flexibility over time. More flexibility is crucial for the overall process of monetary and exchange rate reform-China needs greater exchange rate flexibility before further opening up its capital account to financial flows. It also helps breaking the perception of a one-way bet on the yuan. This has recently led to sizeable financial inflows that were complicating monetary and exchange rate policy and therefore frowned upon by financial policymakers.

However, we do not think much will change at the day to day level on China's foreign reserve market in the short term. The People's Bank of China will continue to set the fix-the center of the now enlarged band-at the beginning of every business day. Moreover, it will continue to heavily manage the spot rate. China has a structural surplus on the foreign reserve market of US dollar 300-400 billion per year-from the current account surplus and net FDI-which, at least in our forecast, will not easily go away in the coming years on current trends.

Previous Page 1 2 Next Page

Most Viewed Today's Top News
New type of urbanization is in the details
...
主站蜘蛛池模板: 搞av.com| 久久精品99 | 久久伊人精品 | 五月婷婷丁香 | 久久免费精品视频在线观看 | 日韩电影在线看 | 夭天曰天天躁天天摸在线观看 | 一级片在线播放 | 日日摸夜夜添免费毛片小说 | 成年人在线观看视频网站 | 一个人看aaaa免费中文 | 精品国产日韩一区三区 | 日本精品在线 | 国产精品第一国产精品 | 国产精品久久久久久久一区探花 | www.99re| 色综合天天综合网看在线影院 | 亚洲成人三区 | 黄色影视大全 | 久操精品在线观看 | 久久好在线视频 | 色性综合 | 黄色免费av | 好好的日com| 豆国产97在线 | 亚洲 | 五月婷婷中文 | 人人干操| 亚州人成网在线播放 | 91视频一区二区 | 三区在线视频 | 伊人亚洲 | 成人免费精品 | 99热在线免费观看 | 天天插天天操天天射 | 国产欧美成人 | 九月激情网| 一区二区国产在线播放 | www.在线播放 | 91资源在线 | 亚洲日本乱码在线观看 | 欧美久久天天综合香蕉伊 |