PBoC governor: China's economy remains broadly on track, growth to remain in reasonable range

China's central bank governor, Yi Gang, says inflation remains subdued and expects China's potential growth rate to remain in a reasonable range.

Key notes

Says monetary policy accommodative to support economy.
    
Says the yuan's exchange rate will remain stable.
    
Says reform and open-door policy will continue.

Says will continue to improve business environment
    
Says support to capital expenditure and infrastructure show in q4 data
    
''We hope the housing market can achieve a soft landing.''

USD/CNH update

Meanwhile, the US dollar has sagged in the Asian session and USD/CNH is down some 0.24%, losing the highs of 7.3124 and reaching a low of 7.2851 so far on the day.