China is limiting the outflow of yuan funds that multinationals can send out of the country – a move apparently aimed at influencing the exchange rate in offshore markets by tightening supply.
The People's Bank of China told banks providing yuan cash-pooling services for multinational corporations to limit outflows so the firms do not send more funds overseas than they bring in, people with knowledge of the matter said.
Aussie mortgage rates continue to climb
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Despite the Reserve Bank of Australia (RBA) hiking official interest rates
by less than most other advanced nations, Australian mortgage rates
continue t...
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