On January 14th, the foreign exchange market has successively released important policy signals. In the morning of January 13, the website of the People’s Bank of China successively released two pieces of information: one is that the meeting of the China Foreign Exchange Market Steering Committee was held recently in Beijing; The other is the decision of the People’s Bank of China and the State Administration of Foreign Exchange to increase the macro prudential adjustment parameters of cross-border financing of enterprises and financial institutions. Recently, signals of stabilizing the exchange rate have been continuously released, and measures to stabilize the exchange rate policy have been continuously intensified. Industry insiders have stated that a series of policy measures, such as raising macro prudential adjustment parameters for cross-border financing and issuing offshore central bank bills, can balance foreign exchange supply and demand, prevent exchange rate overshoot risks, and are important policy measures to stabilize the exchange rate. It is expected that the depreciation space of the RMB exchange rate will be limited in the future, and it is highly likely to remain stable.
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