You are here

'Impossible trinity' ends in China as PBOC allows freer yuan


IN giving markets a greater say in setting the yuan's level, central bank governor Zhou Xiaochuan is bowing to Nobel Prize-winning economist Robert Mundell's maxim that a country can't maintain independent monetary policy, a fixed exchange rate and free capital borders all at the

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom