China's central bank is caught in a pickle between the falling yuan and sputtering economic growth
China's central bank is caught in a pickle between trying to prop up the falling yuan while also boosting an economy that's losing momentum.
Central bankers appear to be attempting to have it both ways by stepping up verbal intervention on the yuan while its market intervention lowers rates. Similarly, the bank said in May that the yuan has a"solid foundation" with an exchange rate the"can have a basic stability at a reasonable and balanced level."
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