Float
in sentence
227 examples of Float in a sentence
Never mind that most of the crises could have been avoided, or late least substantially mitigated, if governments had let their currencies
float
against the dollar, rather than adopting rigid exchange-rate pegs.
Whipped up by his movement, papers
float
around him.
In theory, monetary authorities in Brazil, Chile, Colombia, Mexico, Peru, and Uruguay adhere to the modern orthodoxy of inflation targeting, which holds that price stability is the main (perhaps the only) goal of monetary policy, the short-term interest rate should be the only instrument used to achieve the inflation target, and the exchange rate ought to
float
freely.
As a result, interventions in foreign-exchange markets have been lasting and widespread, even in countries like Chile and Mexico, which explicitly vowed to let their currencies
float
freely.
The American politicians who demanded that China
float
its currency may have anticipated a different outcome – somewhat unreasonably, given that market forces reversed direction in mid-2014 – but one can hardly blame the Chinese for taking them at their word.
Let all the heavily indebted southern European countries jointly agree to join a weak euro, which would
float
against the stronger northern euro.
Some part of it will
float
on the surface, but parts may also form plumes at different depths in the water mass.
The US had argued for years that the renminbi should be included in the SDR only if China opened its capital account, let its currency
float
freely, and had a more independent central bank.
America’s current exchange-rate regime is one of floating rates – or at least of rates that can
float.
That is why, in 1971, President Richard Nixon unilaterally abandoned the dollar’s convertibility to gold, leaving major currencies’ exchange rates to
float
against one another.
The Chinese could abolish capital controls and let the renminbi’s exchange rate
float.
This follows a cumulative appreciation of 37% since July 21, 2005, when China dropped its dollar peg and shifted its currency regime to a so-called “managed float.”
The mid-March widening of the daily renminbi-dollar trading bands to plus or minus 2% (from the earlier 1% band) is an important step in relaxing control over the so-called managed
float.
As such, the timing could not be worse to
float
the idea of speeding up capital-account liberalization.
5.Don’t fight,
float
- Central banks cannot fight speculators, even by using capital controls.
So
float
the currency even if that is bad for inflation.
China would be better-off if it returned to the "managed
float"
it practiced since 1994 but pushed aside in the wake of Asia's crisis and the need for a stable RMB.
The CBE allowed the exchange rate, which is formally defined as a “managed float,” to depreciate by only 3%.
To be sure, street protests and a chaotic clamor of recrimination have gripped Pakistan, while dire threats
float
in the Internet ether and a bizarre indifference pervades the rest of the Muslim world.
The Bretton Woods system came to an end in March 1973, when the dollar and other major currencies were allowed to
float
and the dollar depreciated further.
And the episode served to reinforce an international consensus that countries’ monetary policy should focus on domestic price stability while letting exchange rates
float
freely.
Few observers doubt that China will have to let the renminbi exchange rate
float
freely sometime over the next decade.
After the Yanukovych government was forced to
float
the exchange rate in November 2013, the hryvnia plunged to one-third of its previous value against the dollar, energy prices increased, and inflation skyrocketed, peaking at an annualized rate of 61% by April 2015.
While the inclusion of SOEs in the LSE’s Premium Listing Segment does not guarantee their inclusion in the FTSE – the latter requires 50% free
float
for non-UK issuers – one derogation could pave the way for another.
After all, judging by his past behavior, it seems likely that he will accuse China of currency manipulation, regardless of the policy path it chooses: a completely free
float
with full convertibility, the current managed float, or a pegged exchange rate.
Considering the cost of recent efforts to maintain some semblance of exchange-rate stability, it seems that not even the equivalent of $3 trillion in foreign-exchange reserves is enough to manage a currency
float.
The central bank tries to hold the exchange rate, but eventually is forced to let the currency
float.
By delaying a decision to
float
the yuan, the authorities are merely contributing to greater instability in the Chinese economy.
China should
float
the renminbi so that its exchange rate becomes truly market-determined, even as it continues to manage capital flows.
Today, the real issue for China is not devaluation but "de-pegging" – ie, a return to the former "managed
float
regime" of foreign exchange that prevailed between 1994 and 1997 -- which means giving up the de facto fixed-rate regime which actually pegs the RMB to the US dollar.
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