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- PBoC governor: China's economy remains broadly on track, growth to remain in reasonable range
PBoC governor: China's economy remains broadly on track, growth to remain in reasonable range
China's central bank governor, Yi Gang, says inflation remains subdued and expects China's potential growth rate to remain in a reasonable range.
Key notes
Says monetary policy accommodative to support economy.
Says the yuan's exchange rate will remain stable.
Says reform and open-door policy will continue.
Says will continue to improve business environment
Says support to capital expenditure and infrastructure show in q4 data
''We hope the housing market can achieve a soft landing.''
USD/CNH update
Meanwhile, the US dollar has sagged in the Asian session and USD/CNH is down some 0.24%, losing the highs of 7.3124 and reaching a low of 7.2851 so far on the day.
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