China central bank says to keep yuan stable

Stable yuan will strengthen oversight to prevent risks in the financial market and deepen interest rate and exchange rate reform


A file photo of People’s Bank of China (PBOC) in Beijing. Photo: Bloomberg
A file photo of People’s Bank of China (PBOC) in Beijing. Photo: Bloomberg

Beijing: China’s central bank said on Friday that it will keep the yuan currency basically stable while maintaining a prudent and neutral monetary policy.

It will also strengthen oversight to prevent risks in the financial market and deepen interest rate and exchange rate reform, the People’s Bank of China (PBOC) said in its fourth-quarter monetary policy implementation report. Reuters

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