The Federal Reserve "holds its ground" and the RMB intermediate price has risen by 318 points.2019-01-31 10:25:29 60 ℃
Up to publication, offshore RMB was 6.7067 against US dollar and onshore RMB was 6.6941 against US dollar. At 3 a.m. Beijing time on January 31, the Federal Reserve issued a statement after its two-day monetary policy meeting that it kept the target range of the Federal Fund Interest Rate unchanged from 2.25% to 2.5%, in line with market expectations. The statement of the resolution
has changed greatly since 2018. Not only will the description of the U.S. economy throughout 2018 be changed from "strong" to "solid", but it also acknowledges that "market-based inflation expectations have declined". The statement said that according to the current economic situation, the Federal Reserve decided to take a "patient" attitude when adjusting the federal funds rate in the future to achieve the best results. Compared with the statement issued after the last monetary policy meeting, the Federal Reserve deleted the expression of "further incremental interest rate hike" in this statement. Since December 2015, the Federal Reserve has raised interest rates nine times and initiated a balance sheet reduction plan to gradually withdraw from the ultra-loose monetary policy introduced after the financial crisis. In December, Fed officials expected to raise interest rates twice this year. Following the announcement of the resolution on
interest rates, the US dollar index fell sharply in the short term, while the major non-US currencies rose.
Regarding the future trend of RMB exchange rate, Wang Youxin, a researcher at the Institute of International Finance of the Bank of China, said that the current round of RMB exchange rate strengthening is not absolute strength, but relative strength, not because of the domestic economic fundamentals, but because of the rapid deterioration of the external environment. < strong > It is expected that the exchange rate of RMB will fluctuate in the first half of 2019 and recover steadily in the second half of 2019. Wang Qing, chief macro-analyst of Jincheng Oriental, said that in 2019, monetary policy will put more emphasis on "self-centeredness". The counter-cyclical adjustment of monetary policy will be given priority, and the RMB exchange rate will remain moderately flexible. To be sure, with a view to stabilizing expectations and finances, the central bank will continue to implement various counter-cyclical adjustment measures to curb the "herding effect" in the foreign exchange market, while cross-border fund management as the "last line of defence" will ensure that the fluctuation of the RMB exchange rate is within the controllable range. (Mid-New Zealand longitude and latitude APP)
- In the previous：Should pensions also be diverted from South to North?
- The next article：Kechuang board has huge risks, and retail investors should never touch it.
Guess you like
- 2019-04-01Nowadays, the new VAT tax reduction policy has its ups and downs exceeding trillion yuan. Who benefits the most?
- 2019-03-01What happens in Sanya if Northeast people can't buy a house? An impact has emerged.
- 2019-03-01What should small and micro enterprises do when financing is difficult and expensive? That's what the CPPCC members said.
- 2019-01-31The biggest thunder! The market value is 4.4 billion, with an advance loss of 7.8 billion! Shareholders are angry: Do you want face?
- 2019-01-31Last night, there were more than 100 companies with thunderstorms! Here is the list.
- 2019-01-22110,000 shareholders are confused! White Horse stocks changed overnight. Ten billionaires were overwhelmed by a debt of 1.5 billion?
- 2018-12-24Will the housing prices continue to rise in 2019 when the real estate regulation policy is released?
- 2018-12-16How many people have a monthly salary of 5,000 yuan? Not as much as you think
- 2018-12-14By investing to pull the economy back and forth, where is the future reform?
- 2018-12-12Just now, Dong Mingzhu denied that it is an iron cock: Gree does not pay dividends in 2017 is more for 2018
- Does the property market stall? Hot money in the market is speeding up the influx here, after a year's surge has exceeded 20%.
- Which should interest rate and house price be valued first?
- Ren Zeping: Developing China in the Yan Front is in the critical period of the rise of great powers
- Housing prices around Beijing have fallen sharply and intermediary income has changed dramatically: from the highest monthly income of 30,000 to part-time job to make a living
- Last night, there were more than 100 companies with thunderstorms! Here is the list.
- Shanghai sample mobile phone products: Hammer, Metou, Nubian and other 9 batches are not qualified! uuuuuuuuuuu
- The Sino-US economic and trade consultation is going on, and the scene is very unusual! uuuuuuuuuu
- Should pensions also be diverted from South to North?
- The country's 65 million houses are vacant? The truth behind it is even more cruel!
- The United States will investigate 244 foreign companies, including 213 Chinese companies such as Baidu and Ali. Why?