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China's central bank vows to keep exchange rate stable

2019-05-20 10 Dailymotion

중국 인민은행 구두개입…"환율 안정 유지"<br /><br />China's central bank vowed to keep its currency stable and continue with its economic stimulus policy.<br />The bank's deputy governor said People's Bank of China will try to keep the yuan from weakening past the key seven-yuan-per-dollar level through its monetary policy tools.<br />Beijing's currency has lost almost three percent to the greenback this month amid rising trade tensions.<br />The last time it weakened past seven dollars was more than ten years ago.<br />A weakening yuan could help raise the country's exports by lowering its prices but it could also trigger capital flight. <br />

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