PBOC reaffirms stability of renminbi

The People's Bank of China denied speculation on Wednesday that China's financial authorities have decided to appreciate the nation's currency in the near future.

"Media reports that 'China will appreciate the renminbi by 5 per cent' and 'the central bank may start to take steps to that end if it decides to adjust the renminbi's exchange rate,' are absolutely groundless," a People's Bank of China (PBOC) news release read.

"It is exactly under this exchange rate system that the renminbi maintain

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: