China's central bank on Thursday criticised media reports for continuously publishing inaccurate information on the yuan forex rate.

The People's Bank of China said on its website that China does not intend to compete in global trade by weakening the yuan. It also said that the information helped 'speculative forces' short the yuan.

The central bank said that the yuan had seen fluctuation recently on the back of the Brexit vote, but remained stable against a basket of currencies. Reuters reported earlier that China's central bank is willing to let the yuan fall to 6.8 per dollar this year to support the economy.