People's Bank of China Tweaks Monetary Stance

The video discusses the market's desire for clarity on China's currency plans and potential economic stimulus. It acknowledges the economic slowdown but emphasizes that fundamentals are not dire enough for drastic measures. Current policies include moderate government spending and maintaining a stable exchange rate, with tools ready if needed. The PBOC governor reassures that China's strong fundamentals and growth rates do not support a persistent currency devaluation, and recent FX reserve changes do not indicate long-term trends. The message to investors is to remain calm and avoid speculation.

What factors did the PBOC governor mention to support the stability of the currency?

What was the message conveyed to businessmen and investors regarding currency speculation?