BEIJING : China will keep the yuan exchange rate 'basically stable' this year, Yi Gang, governor of the central bank, said at a press conference in Beijing on Friday, adding that volatility will be market-driven.Yi also said that using the reverse-repo rate to release long-term liquidity will still be an
BEIJING : China will keep the yuan exchange rate"basically stable" this year, Yi Gang, governor of the central bank, said at a press conference in Beijing on Friday, adding that volatility will be market-driven.
Yi also said that using the reverse-repo rate to release long-term liquidity will still be an effective tool to support the economy, and that China's real interest rate is currently at an appropriate level.
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