PBOC eases cross-border funding

<p>The macro-prudential adjustment parameter is a multiplier that determines the upper limit of outstanding cross-border financing an institution can have.</p><p>Has been revised to 1.5, up from 1.25 previously, </p><p>Statement issued by the People's Bank of China and the State Administration of Foreign Exchange.</p><p>Yuan higher:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.