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PBOC Deputy Governor: Will keep yuan exchange rate basically stable
Abstract：Peoples Bank of China (PBOC) Deputy Governor Liu Guoqiang said in a statement on Tuesday, the central bank “will keep yuan exchange rate basically stable.”
Additional quotes
“Will maintain various policy tools to keep liquidity reasonably ample.”
“Will step up cross-cyclical policy adjustments in 2022.”
“Yuan exchange rate may deviate from equilibrium in near-term, but will correct over long-term.”
Another PBOC official was reported as saying that “property sales and financing steadily returning to normal.”
Market reaction
USD/CNY was last seen trading at 6.3509, up 0.06% on the day.
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