PBOC pledges support for demand and FX stability in Q3 report
China's central bank said it will boost domestic demand, guard against exchange-rate overshoot and use policy tools at an appropriate time.
What we know
Market news accounts report the PBOC's Q3 monetary policy report, which vows to step up efforts to boost domestic demand, prevent exchange rate overshoot risk and adjust policy tools at the appropriate time. It also said loan rates are already relatively low.
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@FirstSquawk
“PBOC VOWS TO PREVENT EXCHANGE RATE OVERSHOOT RISK.”
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