Securities Market Weekly (Xinhua Hu Junying) January 15, China's central chief researcher and former central bank monetary policy committee, Fan Gang, member of the China International Economic and Exchange Center's policy other than to think the exchange rate policies, can appropriately speed up the rate of yuan appreciation in response to the current inflationary pressures.
2010 11 China's CPI rose 5.1% year on year, said Fan Gang, 5.1% level relative to India, Russia is concerned is not high, but China is high, and to think about how to prevent inflation, to prevent the flow of the impact of excess, in addition to other monetary policy, but also think the exchange rate policy.
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He said that the RMB exchange rate policy should adhere to the gradual appreciation, but in the world prices of various commodities background, should the value of world commodity costs. Appropriate to speed up or ahead of accelerating the rate of some currency appreciation will help to respond to the current inflationary pressures, is conducive to the adjustment of economic structure and to maintain macro economic stability, maintain a sustained and stable economic development in the context of development , we have gradually re-adjust the structure.
current inflation pressure, how much for the appreciation of the renminbi actually be able to better control the inflation, Fan Gang said that he can not be accurately estimated, but the frame of reference, annual appreciation of 5% -7% of the rate. step not only in 2011, and 2012 and future years, we maintain a sustained and stable macroeconomic policies.
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