Special Report – PBOC loosening grip on yuan a sign of confidence but China’s economy remains a key risk in 2018
China’s central bank, the People’s Bank of China (PBOC), attracted some attention this week after it was revealed that it has suspended using the counter-cyclical factor in calculating the daily fixing for the yuan. Having been introduced in May 2017 to counter speculative bets in Forex markets, the surprise move is seen as a reflection […]
