RMB reference rate rises, “no crisis” for private banking clients

14 August 2015 | 3 minutes read

China’s yuan rose for the first time in three days as the central People’s Bank of China raised its reference rate this morning, after devaluing the currency earlier this week. On Tuesday, the yuan saw its largest drop in two decades as it fell 1.8% following the devaluation, the first major one since 1994. Asian stocks rebounded yesterday, after the PBoC gave an…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]