PBOC expects China's Yuan to be around 6.6 per dollar by end 2017

The Chinese central bank, PBOC, came out with a statement last minutes, via Livesquawk, making the following projections.

Expect market interest rates to fluctuate at high levels in 2018.

Expect China's Yuan to be around 6.6 per dollar by end 2017.

Expect China financial deleveraging to be less forceful in 2018.