Daily Market Updates: PBoC pledges loose policy and yuan stability

Forex

Home›Forex›Central Banks›PBoC pledges loose policy and yuan stability

PBoC pledges loose policy and yuan stability

Reported · Written up by our desk · Central Banks

The People’s Bank of China said it will keep an “appropriately loose” monetary policy while stepping up counter-cyclical adjustments, according to Reuters.

The central bank also pledged to work to keep the Chinese yuan stable, framing the moves as part of its broader policy stance.

← Newer storyBitcoin shows long-term resilience to rising bond yields Older story →Euro downside risks shrink as EUR/USD moves toward fair value

More like this

ForexBoE’s Dhingra warns against further tightening as inflation eases

ForexGermany Ifo business sentiment rises in September, outlook stays pressured

ForexSwiss franc firms ahead of SNB decision as USD/CHF slips

ForexPBOC sets USD/CNY reference at 6.7489 for September 24

ForexJapan private-sector growth slows as weak yen keeps inflation pressure high

Sources

FXStreetPBoC vows to maintain loose monetary policy, keep Chinese Yuan stable

Forex

PBoC pledges loose policy and yuan stability

More like this

Sources

Get the close, explained.