PBOC policy to continue prudent path

Central bank deputy governor says yuan remains a stable currency

The central bank will continue to adopt macro-prudential measures to stabilize expectations in the foreign exchange market and keep the yuan at a reasonable, equilibrium level, a deputy governor said on Friday,

Pan Gongsheng, a deputy governor of the People's Bank of China, told a news briefing that the country's healthy economic fundamentals, stable macro leverage rate and ample foreign reserves will provide a pillar to keep the yuan basically stable.