More comments are flowing in from the People’s Bank of China (PBOC) Governor Yi Gang, as he continues to speak at the 70th-anniversary celebrations of the Chinese central bank.
China’s economy faces some downward pressure.
In no rush to take big policy easing steps.
There is a relatively big policy room but should treasure such policy room.
Some people worry that major economies may exhaust monetary policy tools amid talk of negative interest rates.
- PBOC’s Yi: Overall financial risks are contained
USD/CNY keeps its corrective mode intact from six-day tops, now trading modestly flat around 7.1150 levels.
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