economy "It is groundless" - the RMB story

After a day or so of confusion - at least at my part - the State Administration of Foreign Exchange (SAFE) officially denied on Monday morning there is any ground in the media reports suggesting the Renminbi would be up for revaluation next month, writes Reuters.
That used to be standard procedure in some weekends over the past ten years, but this is for the first time those reports do not come mainly from foreign media, but have Chinese state media as their main source. Another signal how confused those media are about their own roles, since even Xinhua filed the story.
"There shouldn't be blind speculation about this," a spokesman said. "We have always been studying plans to reform the exchange rate system." That is how it should be.

Update

Fortunately, also The Hong Kong Standard was confused.