PBOC says too deepen yuan exchange rate reform, maintain basic stability

  • Remarks by the Chinese central bank
PBOC
  • To build scientific, prudent monetary policy system balancing short and long-term needs
  • To deepen yuan exchange rate formation mechanism reform, maintain basic stability
  • To promote yuan internationalism and expand its use in trade
  • To properly calibrate intensity, timing and pace of monetary policy to support stable economic growth

Some token remarks there by the PBOC, as they continue to reaffirm support for the economy ahead of key talks between the US and China in the coming days/week.

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