PBOC repeats pledge to hold exchange rate stable

The People's Bank of China pledged Tuesday to continue to carry out a prudent monetary policy and further improve the RMB exchange rate system, Xinhua News Agency reported.

Source: Xinhua News Agency

The People's Bank of China (PBC), China's central bank, reiterated here Tuesday its determination to maintain the current RMB exchange rate.

In a report on the implementation of China's monetary policy, the bank said that it would further improve the RMB exchange rate system and secure the balance