In its latest statement released on Monday, the People’s Bank of China (PBOC) reiterated that they will make prudent monetary policy flexible, targeted and appropriate.
Additional comments
“Will keep liquidity reasonably ample.”
“Will make credit growth more stable.”
“Will safeguard legitimate rights and interests of housing consumers.”
“China's economic recovery not solid, unbalanced.”
“To push real lending rates to further fall.”
“Vow to ensure 'healthy' property market development.”
Market reaction
USD/CNY was last seen changing hands at 6.4583, down 0.06% on a daily basis.
