China's Yuan: Central Bank Vows to Slow Appreciation

Chinas central bank vows to prevent rapid yuan appreciation, setting a weaker-than-expected reference rate. Analysts interpret this as a signal to slow gains and curb hot money inflows. Despite predictions of the yuan strengthening beyond seven by 2026, state banks and analysts suggest a gradual path for the yuan in the near future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.