BEIJING (Reuters) - China will keep the yuan exchange rate "basically stable" this year, Yi Gang, governor of the central bank, said at a press conference in Beijing on Friday, adding that volatility will be market-driven.
Yi also said that using the reverse-repo rate to release long-term liquidity will still be an effective tool to support the economy, and that China's real interest rate is currently at an appropriate level.
(Reporting by Kevin Yao and Joe Cash; Editing by Edmund Klamann)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 4.921 CNY | +0.07% | +0.32% | - | ||
| 5.318 CNY | -0.09% | -0.18% | - | ||
| 7.907 CNY | +0.27% | +0.47% | - | ||
| 9.416 CNY | +0.47% | +1.19% | - | ||
| 0.0868 CNY | +0.02% | -0.34% | - | ||
| 7.254 CNY | +0.07% | -0.18% | - | ||
| 7.271 CNH | +0.06% | -0.19% | - | ||
