PBOC’s Chief Economist: China expected to grow around 6.7% in 2016

Headlines crossing the wires from the PBOC Chief Economist, via Reuters, commenting on the central bank’s monetary policy and on the exchange rate level.

Key Headlines:

China will grow around 6.7% this year

Mon pol is now appropriate

Will look at changes in the macro-economy and financial sector in the future

Yuan remains stable vs currency basket on Oct, despite falling against the dollar

That underlines commitment to new currency regime

Impact on yuan to be limited if Fed raises rates in Dec

Mon pol will consider possible impact on property market