PBOC says will keep yuan exchange rate basically stable

  • Remarks from the China central bank - 16 December 2024
PBOC
  • 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.

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