Chinese Monetary Policy — Steady As She Goes
China Fine-tuning Policy Amid Uncertainties: The PBoC quarterly monetary policy report maintained the balanced tone of recent Chinese government statements, affirming its commitment to fight inflation while ensuring stable growth in the face of a tougher international environment.
It appears to point to no change in the steady policy in the sideways trajectory for interest rates since last December, with a continued appreciation of CNY relative to a basket of currencies