People’s Bank of China comments crossing
Headlines via Reuters :
- Says it is normal to see changes in forex reserves
- Will keep forex reserves at a reasonable, appropriate level
- Recent changes to reporting method for forex purchases and sales are intended to avoid misreading of data by market
- Supply and demand will play main role in determining yuan exchange rate in medium and long term
- Exchange rate will reflect economic fundamentals
- To keep renminbi basically stable against a basket of currencies
- Will look for opportunities at the appropriate time to push forward yuan exchange rate reform
- Pace of reform may speed up or slow down depending on availability of appropriate time window
More:
- January loan surge due to seasonal factors
- Monetary policy is prudent with a slight easing bias
