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Statement by the President of the European Central Bank, Jean-Claude Trichet
21 July 2005
Today’s decision of the Chinese authorities is welcome. The International Community had considered such a move towards greater flexibility desirable for a better functioning of the global economy. I welcome this decision and expect the handling of the new managed floating exchange rate regime to contribute to global financial stability.
KUNTATT
Bank Ċentrali Ewropew
Direttorat Ġenerali Komunikazzjoni
- Sonnemannstrasse 20
- 60314 Frankfurt am Main, il-Ġermanja
- +49 69 1344 7455
- media@ecb.europa.eu
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