PBOC says will continue with supportive monetary policy

  • To increase monetary policy regulation
  • To increase precision of monetary policy
  • Will maintain reasonably ample liquidity conditions
  • To maintain yuan exchange rate basically stable at a reasonably equilibrium level
  • Will continue to enrich monetary policy toolkit to improve efficient use of funds

There isn’t anything new there in the language since their shift from more “prudent” monetary policy to now being more “supportive”.

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