PBOC Deputy Governor: Impact on China’s forex assets from volatility in US bond markets is limited
Source Fxstreet
The People’s Bank of China ()PBOC) Deputy Governor said in a news conference that the “impact on China’s forex assets from volatility in US bond markets is limited.”
Additional takeaways
- Resilience in China's economy, the forex market will provide support for Yuan stability.
- The central bank will continue to implement an appropriately loose monetary policy, step up support for the economy.
- China will keep the Yuan basically stable.
- The central bank will stabilise market expectations on the Yuan and resolutely deal with market-distorting behaviours.
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