PBOC to further push for yuan internationalization in 2016

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The PBOC in its 2016 Work Meeting held earlier today, enlisted the following objectives set by the bank for 2016:

    To maintain prudent monetary policy

    To flexibly use monetary policy tools to keep adequate liquidity in banking system

    To keep using mlf, psl and credit policies to support key areas in the economy

    To further improve currency formation mechanism

    To keep yuan basically stable

    To deepen reform of fx management system and financial institutions

    To guide funding cost for the economy lower

    To further liberalise interest rates

    To further push for yuan internationalization
    For more information, read our latest forex news.

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