CHINA MONEY-China seen keeping yuan steady while taking monetary easing path

April 23, 2015 2:47 AM

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HONG KONG/SHANGHAI, April 23 (Reuters) - China is relying more on traditional monetary instruments such as banks' reserve requirements to help the economy rather than pushing for a weaker yuan, indicating a policy approach that is perceived as a positive for the currency by the market.

Most emerging market economies are pursuinggrowth through a mix of lower interest rates and currency depreciation, but China's policymakers want the yuan to maintain its value for diplomatic reasons.

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