PBOC: Will step up monitoring, assessment and warning of systemic risks

The People’s Bank of China (PBOC) is once again out with a statement on Wednesday, noting the measures likely to be undertaken for the effective functioning of the macro-prudential management system.

Key quotes

“Will step up counter-cyclical adjustment function of a macro-prudential management system.”

“Will step up monitoring, assessment and warning of systemic risks. “

“Will further expand toolbox of macro-prudential policies.”

USD/CNY reaction

USD/CNY was last seen trading at 6.3117, almost unchanged on the day.