PBOC Deputy Governor: Impact on China’s forex assets from volatility in US bond markets is limited
|The People’s Bank of China ()PBOC) Deputy Governor said in a news conference that the “impact on China’s forex assets from volatility in US bond markets is limited.”
Additional takeaways
- Resilience in China's economy, the forex market will provide support for Yuan stability.
- The central bank will continue to implement an appropriately loose monetary policy, step up support for the economy.
- China will keep the Yuan basically stable.
- The central bank will stabilise market expectations on the Yuan and resolutely deal with market-distorting behaviors.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.