Forex Account – The vice president of PBOC Ma Delun reiterated on Thursday that China would continue to implement appropriate monetary policy in the latter half of the year, and would further perfect the RMB foreign exchange rate formation mechanism. And at the same time PBOC would make the inflation expectation under control in the forex market.
News report in Financial Times quoted the speech of Ma in Shanghai said PBOC would continue to implement appropriate monetary policy in the latter half of the year to maintain the continuity and the stability of the policies in the forex market. Meanwhile, it would also further perfect the RMB foreign exchange rate formation mechanism, based on the supply and demand in the forex market and adjusted to a basket of currencies policy in the international forex market.
Ma also pointed out that the Chinese economy was developing towards the expectation of the government, but there’s still some uncertainties in the it.
Edited by Laura.