Following the third-quarter monetary policy meeting, the People’s Bank of China (PBOC) said that they will “step up macro policy adjustments.”
The Chinese central bank said that they will “implement monetary policy in a precise and forceful manner.”
Additional takeaways
To focus on expanding domestic demand, boosting confidence.
To promote healthy and stable development of property market.
Will keep yuan exchange rate basically stable.
Will implement financial support measures to improve healthy development of platform economy.
Market reaction
USD/CNY was last seen trading at 7.3100, modestly flat on the day.
