Friday, 19 April 2024
People's Bank of China statement following UK’s EU referendum result
5 min read
The PBC has been closely monitoring the developments of UK’s EU referendum. We have taken note of the reaction of financial markets after the result was announced, and have put in place contingency plans.
The PBC will continue to use a variety of monetary policy instruments to keep liquidity at reasonable and adequate volumes, and fulfill its mandate in preserving financial stability.
The market-based RMB exchange rate regime will be further improved to keep the exchange rate basically stable at an adaptive and equilibrium level.
The PBC will further enhance policy communication and coordination with the relevant central banks, monetary authorities, and major international financial organizations.
Re-disseminated by The Asian Banker
