News Headline Summary

China to make CNY more flexible to handle global Quantitative Easing, according to Xinhua

Says:
- To keep Yuan's effective exchange rate stable.
- To ensure reasonable growth in money supply.
- To allow 'appropriate' increase in Yuan movement.
- To keep liquidity sufficient for businesses.

Analysis details (19:37)

- Yesterday, reports have said China have set their 2013 money supply target at 13%, 1 percentage point lower than their 2012 target of 14%.

20 Dec 2012 - 19:35 - Fixed Income - Source: Xinhua

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