PBOC Governor Zhou continues to cross the wires, noting that the Central Bank will gradually develop an interest rate corridor.
Headlines
Says no worries about external payments despite falls in FX reserves
Capital outflows could become reasonable if confidence improves on china economic growth, structural reforms
Interest rates will play a bigger role in monetary policy
Will gradually develop an interest rate corridor
Monetary policy will mainly focus on China’s economic conditions, rather than external factors
Says he opposes competitive currency devaluations to
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