PBoC defends RMB policy, rejects IMF-based appreciation pressure ahead of EU talks

The People's Bank of China published a statement defending its existing RMB policy and rebutting international pressure for appreciation, explicitly criticizing the use of IMF assessments to justify such demands. The statement is timed ahead of EU trade discussions and responds to growing international talk linking the currency to global trade imbalances. China asserts it has no need and no intention to adjust its currency stance, signaling resistance to external revaluation pressure.