People's Bank of China Governor didn't mention he'd ramp up the value of the onshore yuan, perhaps he should have!
Reuters relaying comments from the governor in a magazine article published late Monday
- PBOC to keep monetary policy flexible and appropriately adjust it according to changes in the country's economic situation
- tools he described as a "slow release of air" and "soft landing" must be used when the economy begins overheating or a bubble in asset prices starts developing, but that financial markets must be stabilised and public confidence enhanced if a recession or external shock occurred.
