PBOC governor Pan says will use various policy tools to keep liquidity reasonably ample
Will keep yuan exchange rate basically stableWill steadily promote yuan internationalisationFinancial risks are generally under controlMonetary policy is mainly based on domestic conditionsThere is still sufficient room for monetary policyChina's economy faces some difficulties, but there are also positive factorsThese are all token remarks but Chinese markets have rebounded strongly going into the speeches by key officials today, following a more tepid showing just hours ago. The talk of a rescue package from yesterday is still keeping investors on edge I would say, even with the "coincidental" bounce today. I mean, we all know who's behind that, don't we? This article was written by Justin Low at www.forexlive.com.
- Will keep yuan exchange rate basically stable
- Will steadily promote yuan internationalisation
- Financial risks are generally under control
- Monetary policy is mainly based on domestic conditions
- There is still sufficient room for monetary policy
- China's economy faces some difficulties, but there are also positive factors
These are all token remarks but Chinese markets have rebounded strongly going into the speeches by key officials today, following a more tepid showing just hours ago. The talk of a rescue package from yesterday is still keeping investors on edge I would say, even with the "coincidental" bounce today. I mean, we all know who's behind that, don't we?
