24 Feb 2016
G20 will focus on China - UOB
Analysts at UOB Group explained that the PBoC
could take the opportunity of the approaching G20 finance ministers, to demonstrate the “flexibility” of its currency against the USD, while still keeping the RMB index largely stable.
Key Quotes:
"The G20 meeting of finance ministers and
central bank governors is schedule over Fri and Sat (26-27 Feb) is said to discuss the recent turmoil in China’s markets and ways to bolster a safety net for the global financial system, according to media reports."
could take the opportunity of the approaching G20 finance ministers, to demonstrate the “flexibility” of its currency against the USD, while still keeping the RMB index largely stable.
Key Quotes:
"The G20 meeting of finance ministers and
central bank governors is schedule over Fri and Sat (26-27 Feb) is said to discuss the recent turmoil in China’s markets and ways to bolster a safety net for the global financial system, according to media reports."