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No need for CNY depreciation – PBOC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The People’s Bank of China (PBOC) once again assured markets that CNY expectations are stable and there is no need for CNY depreciation.

    Key Quotes

    Keep CNY within reasonable range

    Level of debt is still rising

    Cyclical, structural problems in china

    Says overall liquidity is ample; lending, bond costs falling

    To give markets a bigger say in setting exchange rate

    To continue interest rate, fx reforms

    Downward pressures facing Chinese economy

    Inflation rise is likely to be low
    For more information, read our latest forex news.
     

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