The People’s Bank of China (PBoC) was out with a statement in the last hour and below are some of the key highlights:
“¢ To strengthen the guidance of market expectation this year.
“¢ To deepen market-oriented FX reforms in 2019.
“¢ To keep monetary policy stable, improve counter-cyclical adjustments.
“¢ To keep interest rates stable.
“¢ Will steadily push forward Yuan internationalisation.
“¢ Will orderly resolve shadow banking crisis.
“¢ Will improve offshore yuan market liquidity framework.
Share
