Comments coming out from the Chinese central bank

Doesn't look like we're getting any cuts today

  • To flexibly use monetary policy tools to keep adequate liquidity in the banking system
  • Will keep using MLF, PSL and credit policies to support key areas in the economy
  • Will further improve currency formation mechanism
  • Will deepen reform of FX management system and financial institutions to keep yuan basically stable
  • Will make yuan more international
  • PBOC to further liberalise interest rates

Yada yada yada