PBOC says prudent monetary policy will be forceful and precise ...Middle East

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PBOC says prudent monetary policy will be forceful and precise
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To pay more attention to cross-cyclical and counter-cyclical adjustmentWill replenish monetary policy toolkit accordinglyWill strive to foster sound monetary and financial environmentTo keep yuan exchange rate basically stableWill better support expanding domestic demandThis reaffirms their current policy stance as they are continuing to try and bolster conditions to support the economic recovery. Personally though, I still hold some reservations about the improving domestic demand in China as it has been crushed quite badly from early to middle of this year. This article was written by Justin Low at www.forexlive.com.

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