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اردو
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.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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