Does China ’s fear of floating exceed its fear of deflation?

W pass judgment on exchange-rate regimes, they like to invoke the monetary-policy “trilemma”. A country might want a stable currency, free capital flows and an independent monetary policy, which can respond to the needs of the domestic economy, regardless of what central banks elsewhere are doing.…#goldmansachs #beckyliu #standardchartered #federalreserve #moneytalks

Source: Reuters: Health - September 21, 2023 Category: Consumer Health News Source Type: news