PBOC: Will resolutely prevent over-adjustment risks of Yuan exchange rate

The People’s Bank of China (PBOC) said in its second quarter monetary policy report published on Thursday, it “will resolutely prevent over-adjustment risks of Yuan exchange rate.”

Additional takeaways

Prudent monetary policy will be precise and forceful.

Will keep liquidity reasonably ample.

Will keep Yuan exchange rate basically stable.

Will fend off systemic financial risks.

Will adjust, optimize property policies in a timely manner.

Will keep prices basicially stable.

Will give full play of finance in promoting consumption, stabillizing investment, expanding domestic demand.