PBOC reaffirms that will keep yuan exchange rate stable

  • Remarks by China's central bank
  • Will use various monetary policy tools to keep liquidity reasonable ample in 2023
  • Will take steps to lower financing costs for market entities

In other words, the PBOC is reaffirming that they are keeping a more stable and steady policy as they have done even as China is stepping up on the reopening now. Carry on as you will.

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