- PBoC: We will promote exchange rate flexibility and keep yuan stable at appropriate, equilibrium level
Market news
29 June 2021
PBoC: We will promote exchange rate flexibility and keep yuan stable at appropriate, equilibrium level
- We will enhance our coordination with global economic policies and prevent “external shocks”
- Says China's economy is showing greater stability and recovery
- China’s prudent monetary policy will be targeted and appropriate
- Pledges to maintain adequate liquidity
- Says macro leverage ratio, or total debt as a ratio of GDP, will be kept constant
- Vowes to match the expansion of money supply in the economy and aggregate financing with nominal GDP growth
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