Posted inChina

PBOC vows to stabilize yuan fluctuation at ‘reasonable level’

The People’s Bank of China emphasized once again at its Monetary Policy Committee’s Q4 meeting that it will keep the yuan exchange rate fluctuating at a stable and balanced level, Yicai.com reported. The meeting follows the tone set by the Central Economic Work Conference last week, without mentioning “moderate” monetary policy, or “control of the […]