Weekend PBOC comments - Bank wants neutral monetary policy

Over the weekend, Chen Yulu, deputy governor of the People's Bank of China (PBOC) had remarks reported

He was speaking at the Tsinghua PBCSF Global Finance Forum in Beijing

• Says the PBOC monetary policy will be "neither tight nor loose"
• Will continue to implement "prudent and neutral" monetary policy
• The Bank targeting liquidity to remain basically stable
• Unconventional monetary policies have limitations
• Structural reform will play an increasingly important role in the government's policy tools mix

Stay tuned for the USD/CNY mid rate setting, due around 0116GMT. Last week the bank gave CNY its second biggest one day revaluation against the USD since it was depegged in 2005

The PBOC is struggling to balance reining in leverage with ensuring a stably growing economy.