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Press Release
Published June 24, 2016
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People's Bank of China statement following UK’s EU referendum result

Date: June 24, 2016
Categories: China, Government Finance, Markets Exchanges
Keywords: People’s Bank Of China, PBoC, Brexit

The PBC has been closely monitoring the developments of UK’s EU referendum. We have taken note of the reaction of financial markets after the result was announced, and have put in place contingency plans.

The PBC will continue to use a variety of monetary policy instruments to keep liquidity at reasonable and adequate volumes, and fulfill its mandate in preserving financial stability.

The market-based RMB exchange rate regime will be further improved to keep the exchange rate basically stable at an adaptive and equilibrium level.

The PBC will further enhance policy communication and coordination with the relevant central banks, monetary authorities, and major international financial organizations.

Re-disseminated by The Asian Banker