Logo 07 Jan 2025

PBoC takes a firm line on RMB stability

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China’s central bank (PBoC) intends to take a more active approach to maintaining the yuan’s stability.
On Friday, the PBoC published a readout of the quarterly meeting of the Monetary Policy Committee, held December 27.
The readout said the PBoC will:

“Stabilize market expectations”
“Strengthen ma...