Measured in terms of transaction values, the RMB edged up to fourth place in August in the international payment transactions ranking. According to data from SWIFT, more than 1,700 banks worldwide (from a total of just over 10,000 participants in the SWIFT network) clear payments in RMB.
Sabine Lautenschläger: Between low interest rates and bond purchases - has European monetary policy reached a dead end? Speech by Ms Sabine Lautenschläger, Member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the European Central Bank, at the Hohenheim University, Stuttgart, 9 October 2017.