People's Bank of China’s second-quarter monetary policy report: the exchange rate of the yuan should be kept at a reasonable level and should be more flexible

Market news

10 August 2015

People's Bank of China’s second-quarter monetary policy report: the exchange rate of the yuan should be kept at a reasonable level and should be more flexible

The People's Bank of China released its second-quarter monetary policy report on Friday. The central bank said that the country's economy is "still relatively reliant on policies intended to stabilize growth and on government-led investment".

According to the report, the monetary policy should be kept "appropriate", and the exchange rate of the yuan should be kept at a reasonable level and should be more flexible.

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