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PBOC: Will step up monitoring, assessment and warning of systemic risks
The People’s Bank of China (PBOC) is once again out with a statement on Wednesday, noting the measures likely to be undertaken for the effective functioning of the macro-prudential management system.
Key quotes
“Will step up counter-cyclical adjustment function of a macro-prudential management system.”
“Will step up monitoring, assessment and warning of systemic risks. “
“Will further expand toolbox of macro-prudential policies.”
USD/CNY reaction
USD/CNY was last seen trading at 6.3117, almost unchanged on the day.
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