USEUROPEAFRICAASIA 中文双语Français
Home / Business

Forecasters predict little change in yuan band

By Bloomberg | China Daily | Updated: 2015-02-03 07:58

China's central bank is too preoccupied with supporting the economy to contemplate widening the yuan's trading band this year, a Bloomberg survey shows.

Of 22 analysts polled in the past week, 14 forecast there will be no changes made in 2015 to the range in which the currency can move. Four predicted a move in the first half of the year, three said they expected a revision in the third quarter and one chose the October-December period.

The People's Bank of China allows the yuan to diverge a maximum 2 percent from its daily reference rate, and 15 respondents said the limit will probably expand to 3 percent in the next adjustment.

Forecasters predict little change in yuan band

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US