Free Trial

The PBOC's recent move to...............>

CHINA PRESS
MNI (London)
CHINA PRESS: The PBOC's recent move to increase/confirm currency swaps
arrangements can help in the hedging of exchange rate risk, reduce exchange
costs and facilitate international financing and trade, China Business News
reported Tuesday, citing Bian Quanshui, macroeconomic analyst at Sinolink
Securities.
- As an additional source of liquidity in offshore markets, currency swaps can
also be used as a policy tool to stabilize the yuan rate and maintain financial
market stability, the report said, citing Bian.
- The PBOC has reached or reconfirmed three currency swap deals in a month, with
Bank of Indonesia, the Bank of England and the Bank of Japan, the report said.
(Link to the story: https://bit.ly/2KeyrzE)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.