PBOC: Will aim to stabilize employment, prices

The People's Bank of China (PBOC) said on Friday, it will aim to stabilize employment and prices for a sustained economic recovery.

Key quotes

“Will implement prudent monetary policy.”

“Will stabilize employment, prices.”

“Will consolidate the foundation of economic recovery.’

Market reaction

AUD/USD Is little changed on the above comments, down 0.45% on the day to trade at 0.6672.