PBOC’s Xuan: Will continue to take measures to keep Yuan basically stable at reasonable and balanced levels

Xuan Changneng, People’s Bank of China (PBOC) Deputy Governor, said on Tuesday that the central bank “will continue to take measures to keep the Yuan exchange rate basically stable at reasonable and balanced levels.”

Additional quotes

Will step up counter-cyclical policy adjustment.

Will prevent overshooting risks in exchange rate, to keep the Yuan stable.