China won’t see negative interest rate, too far – PBOC’s Yi

By FXStreet Comments from PBOC’s Deputy Governor Yi Gang crossing the wires via MNI:

China won’t see negative interest rate, too far

China’s forex reserves are stable

China has ample forex reserves

Yuan volatility smallest among major currencies

Cross border capital flows in normal range

Yuan expectations will normalize

China’s economic fundamentals are sound

Some yuan volatility helps to release mkt pressure
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Source:: FX Street