economy - No fast Rmb change, says central bank

China's central bank, the People's Bank of China, is trying to cool down speculators' hope for a fast-moving Chinese currency, write many media including the China Daily.
"Gradualism is one of the important principles in the yuan exchange rate mechanism reform," the statement said. "Gradualism is aimed at the gradual reform of the yuan exchange rate mechanism, not at the gradual adjustment of the level of the yuan exchange rate."
That goes obvious against my own prediction, but then, we do not expect central banks to tell us they are going to move again very soon. My analysis was based on the assumption the financial authorities need revaluation as a tool to cool down the economy now other tools seem to fail. I still stick to that.