China central bank chief says plenty of room for monetary adjustments amid ...

10 October, 2018 9:28 am 9:28 am

NUSA DUA, Indonesia (Reuters) – China central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as downside risks from trade tensions with the United States remain significant. China faced “tremendous uncertainties” due to the impact of tariffs and trade … Read More

China’s central bank says market to play decisive role in yuan exchan...

10 October, 2018 9:37 am 9:37 am

NUSA DUA, Indonesia (Reuters) – China’s central bank governor Yi Gang said the government would continue to let the market play a decisive role in establishing its currency exchange rate, refraining from using it as a weapon, amid an escalating trade war with the United States. “We will not engage in competitive devaluation, and will … Read More