There Is No Line in the Sand for the PBOC, Says BAML's Sinha

The transcript discusses the People's Bank of China's (PBOC) stance on currency weakness, their monitoring of foreign exchange markets, and their response to dollar strength. It highlights the importance of key indicators like the stock market and capital flows in determining PBOC's actions. The transcript also covers PBOC's intervention strategies, including liquidity management and communication, emphasizing the improved understanding of PBOC's policies by market participants since 2015-16.

What role does communication play in the PBOC's strategy for managing currency fluctuations?

In what ways has the PBOC's approach to managing currency intervention changed since 2015?