China will keep yuan basically stable, step up macro policy adjustments, says central bank

BEIJING, June 30 — China’s central bank said today it will step up macro policy adjustments, and implement prudent monetary policy in a precise and forceful manner.

The People’s Bank of China (PBoC) will continue to keep the yuan basically stable and guard against the risk of large exchange rate fluctuations, it said after the second quarterly meeting of its monetary policy committee.

The central bank also said it would promote the stable and healthy development of the real estate market. — Reuters