China central bank says to keep yuan basically stable
Published Fri, Aug 11, 2017 · 02:21 PM
[SINGAPORE] China's central bank said on Friday that it will keep the yuan currency basically stable, while maintaining a stable and neutral monetary policy.
The People's Bank of China will also fend off systemic risks and use multiple monetary policy tools to ensure financial stability in the world's second largest economy, it said in its second-quarter monetary policy implementation report.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich
Even without war in the Gulf, pricier petrol is here to stay
Philippine Coast Guard to join military drills with United States
Australia’s March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%