Bloomberg People’s Bank of China Governor Yi Gang said that no specific level for the yuan is important, and indicated confidence it will continue to be “relatively strong” once the noise of the trade war subsides. “There is obviously a link between the trade war and the movements of renminbi,” Yi said in an exclusive interview in Beijing, using the ...

Bloomberg Chile’s central bank stunned analysts by cutting its key interest rate by 50 basis points, the biggest reduction in a decade, saying the economy could grow faster without fuelling inflation. Policy makers reduced the benchmark rate to 2.5 percent, surprising all 18 economists surveyed by Bloomberg. The analysts had expected borrowing costs to be left unchanged. The bank is ...

Bloomberg Fears are mounting at the European Central Bank (ECB) that investors are losing faith in the inflation outlook, in a self-reinforcing spiral that could force the institution to dig deeper into its stimulus toolkit. Staff at the euro zone’s national central banks are worried that inflation expectations are becoming “deanchored,” according to officials familiar with the matter. They cited ...