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China central bank says to keep yuan basically stable, continue stable, neutral monetary policy
August 11, 2017 / 1:12 PM / 3 months ago

China central bank says to keep yuan basically stable, continue stable, neutral monetary policy

SINGAPORE (Reuters) - China’s central bank said on Friday that it will keep the yuan currency basically stable, while maintaining a stable and neutral monetary policy.

FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo

The People’s Bank of China will also fend off systemic risks and use multiple monetary policy tools to ensure financial stability in the world’s second largest economy, it said in its second-quarter monetary policy implementation report.

Reporting by Lee Chyen Yee in Singapore and Meg Shen in Hong Kong; Editing by Kevin Liffey

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