PBOC says prudent monetary policy will be precise and forceful

<ul><li>Will keep liquidity reasonably ample</li><li>Will keep yuan exchange rate basically stable</li><li>Will fend off systemic financial risks</li><li>Will keep prices basically stable</li><li>Will adjust, optimise property policies in a timely manner</li></ul><p>These are all very bland and generic stuff from the PBOC. They aren't anything different than what we have heard before. In other words, they aren't going to vary on their approach. And we all already know where this path leads towards.</p>

This article was written by Justin Low at www.forexlive.com.