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PBOC DEPUTY GOVERNOR: WILL KEEP YUAN EXCHANGE RATE BASICALLY STABLE

ia7145
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People’s Bank of China’s (PBOC) Deputy Governor said on Thursday that they “will keep the Yuan exchange rate basically stable.”

Additional comments

Recent improvements in China's economy will provide support Yuan exchange rate.

Has confidence, conditions, ability to keep forex market stable.

Will prevent the formation of one-sided expectations on Yuan.

PBOC has set up credit market department.


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