Exchange rate is very important to stabilize finance

Exchange rate is very important to stabilize finance

"Exchange rates are very important for financial stability."Wang youxin, a foreign exchange researcher at the bank of China's institute of international finance, told the securities daily yesterday that stable economic growth is now a priority over exchange rate stability.Therefore, from this perspective, as long as it does not break the potential risk threshold, the central bank will not easily intervene in the foreign exchange market, and the exchange rate will be more determined by market forces and foreign exchange supply and demand.


We will maintain steady and sound economic growth, implement a proactive fiscal policy and a prudent monetary policy, and make our policies more forward-looking, flexible and effective.We also proposed that we should do a good job in stabilizing employment, stabilizing finance, stabilizing foreign trade, stabilizing foreign investment, stabilizing investment and stabilizing expectations.

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