PBOC says will keep yuan exchange rate basically stable

Will stabilise market expectationWill enhance stability of credit growthTo utilise a variety of monetary policy tools, cut interest rates and RRR when appropriateWill promote internationalisation of yuan in a prudent mannerThese are all just some token remarks. The main development in the Chinese yuan was the story from last week here. This article was written by Justin Low at www.forexlive.com.

featured-image

Will stabilise market expectation Will enhance stability of credit growth To utilise a variety of monetary policy tools, cut interest rates and RRR when appropriate Will promote internationalisation of yuan in a prudent manner These are all just some token remarks. The main development in the Chinese yuan was the story from last week here ..