China’s SAFE: Monetary policy to further improve cross-cyclical adjustments

An official at China’s State Administration of Foreign Exchange (SAFE) is making some comments on the monetary policy and liquidity provision.

Key quotes

Monetary policy to further improve cross-cyclical adjustments, and maintain stable and moderate credit development.

Will keep liquidity reasonably ample.

Will avoid flood-like stimulus, keep prices stable.

Cross-border capital flows in china generally stable, domestic foreign exchange supply and demand remain balanced.

Related reads

• USD/CNH Price Analysis: Retreats inside bull flag, 6.9150 is the trigger
• S&P 500 Futures retreat, yields dribble at multi-year top as markets await NFP