PBOC Deputy Governor Chen says will keep the yuan in line with fundamentals

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China  dep gov Chen managed to squeeze a lot into his weekend comments:

  • will maintain a prudent monetary policy stance in 2019
  • will hold the yuan in line with fundamentals
  • will use fiscal tools to spur growth
  • economy has been generally stable
  • China will further open the financial sector
  • China will level the playing field between local and foreign-funded institutions
Whew …. but wait there is more:
  • China will keep improving the exchange rate mechanism
  • yuan to be kept  not only in line with fundamentals but also at an adaptive equilibrium level
  • potential for foreign portfolio investment inflows is rising
  • stock market is showing signs of bottoming out and recovering

People's Bank of China  dep gov Chen managed to squeeze a lot into his weekend comments:

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