Yuan internalization - one of the main developments in 2015, PBOC’s Yi

FXStreet (Mumbai) - In a latest PBOC report, the central bank’s Vice Governor Yi Gang noted that interest-rate deregulation, internationalization of the yuan and asset liquidity were the three main People's Bank of China (PBOC) developments in 2015.

Mr. Yi added, “China's economy is now more internationally integrated and it will continue to concentrate on quantitative tools but pay more attention to pricing tools. Monetary policy will become more flexible and effective.”