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PBOC: Will keep forex reserves at a reasonable, appropriate level

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    PBOC officials note that it is normal to see changes in forex reserves, and that they will keep forex reserves at a reasonable, appropriate level.


    Recent changes to reporting method for forex purchases and sales are intended to avoid misreading of data by market

    Supply and demand will play main role in determining yuan exchange rate in medium and long term

    Exchange rate will reflect economic fundamentals

    To keep renminbi basically stable against a basket of currencies

    Will look for opportunities at the appropriate time to push forward yuan exchange rate reform

    Pace of reform may speed up or slow down depending on availability of appropriate time window

    January loan surge due to seasonal factors

    Monetary policy is prudent with a slight easing bias
    For more information, read our latest forex news.

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