Comments from the PBOC
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 (What about Nov?)
Mon pol will consider possible impact on property market
The usual waffle from China. The Fed comment shows exactly where most folks are looking for a hike.
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