(Reuters) - The steps, which prompted the yen to jump sharply against the euro and dollar, are likely to be interpreted as both an olive branch to Washington and as a signal that it is serious about keeping the world's fourth-largest economy in check.
The yuan will now be permitted to rise or fall by 0.5 percent each day, up from a 0.3 percent margin. The central bank also raised its one-year lending rate by 0.18 percentage point and the one-year deposit rate by 0.27.
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The yuan will now be permitted to rise or fall by 0.5 percent each day, up from a 0.3 percent margin. The central bank also raised its one-year lending rate by 0.18 percentage point and the one-year deposit rate by 0.27.
Read more at Reuters.com Hot Stocks News
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