More from deputy governor of the PBOC: Will prevent sharp fluctuations in the yuan

<p>Jawboning from the People's Bank of China on the yuan. </p><p>Liu Guoqiang, deputy
governor of the
People's Bank of China:</p><ul><li>
It's not good to see yuan exchange rate too high or too low</li><li>Will prevent sharp
fluctuations in yuan</li><li>Expects china's
economy to improve</li><li>China's cross-border
capital flows are basically balanced</li><li>Moves in yuan
exchange rate will not be one-way</li></ul><p>And, more, these from

Zou Lan, head of the
monetary policy
department at the bank:</p><ul><li>
There is ample room, various polices tools to cope with challenges</li><li>Will use policy
tools such as reserve requirement ratio and medium-term lending
facility</li><li>Will innovate new
policy tools if needed</li></ul><p>Earlier comments from Liu are here:</p><ul><li><a href="https://www.forexlive.com/centralbank/peoples-bank-of-china-deputy-governor-says-bank-has-ample-policy-tools-20230714/" target="_blank" rel="follow" data-article-link="true">People's Bank of China Deputy Governor says Bank has ample policy tools</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.