PBOC says will keep the yuan basically stable

  • Will deepen exchange rate market-orientated reform next year
  • To strengthen exchange rate expectation management
  • Will vigorously respond to external shocks

These are just token remarks as they are meant to come out to say something in addition to all the policy and macro remarks following the central economic work conference this week.

This article was written by Justin Low at www.forexlive.com. Source