SUBSCRIBERS

Yuan could go 'either way' if central bank moves in future, says PBOC

Market-oriented pricing will help prevent excessive swings; China not eyeing a currency war

Mon, Aug 17, 2015 - 5:50 AM

The IMF said China's move to link the yuan's value to market forces is an encouraging step towards what may become a freely floating currency within the next few years.

PHOTO: BLOOMBERG

Shanghai

THE yuan will probably move in both directions in the future following last week's devaluation as the economy stabilises, according to Ma Jun, chief economist at China's central bank.

A more market-oriented pricing mechanism for the yuan will help to avoid excessive...

To continue reading

for full content

if you are a subscriber

Get our introductory offer at only

$0 .99*/month

Cancel anytime

*$0.99/month for first 3 months

$29.90/month for the next 9 months

Need help?

CALL +65 6388 3838 EMAIL btocs@sph.com.sg

OPERATING HOURS (+8 GMT) MON-FRI: 8:30AM-5:30PM

Register to read this article. Log in if you are already a subscriber. Register to read this article. Log in if you are already a subscriber. Please log in or subscribe to continue reading.