Feedback from a Folks’s Financial institution of China official at this press convention:
Centered on the yuan:
-
Pays extra consideration to modifications in yuan trade charge in opposition to a
basket of currencies - There’s strong
basis to maintain yuan trade charge principally secure - Will resolutely
appropriate one-sided pro-cyclical conduct for yuan trade - Will resolutely curb
disruptions to market order, resolutely guard in opposition to trade charge
overshooting dangers -
China’s financial coverage nonetheless has ample coverage room to reply to
surprising challenges and modifications -
Will proceed to
implement prudent financial coverage, step up counter-cyclical
changes
