State media reports, via Reuters

  • Expects CNY rate to be relatively stable, no big fluctuations
  • Property tax too sensitive, complex; unlikely to be rolled out nationwide in near-term

Just some comments on the CNY and Chinese economy by an official from China's central bank.

Earlier in the day, a Reuters poll shows that economists are not expecting a hike in rates by the PBOC until at least Q2 2019.

The PBOC strengthened the yuan today in its daily fixing, with USD/CNY rate being at the lowest since December 2015 at 6.4372.