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The European Central Bank and the Euro Group welcome me to promote exchange rate reform

by:Ennas      2021-11-18

The European Central Bank and the Euro Group welcome my decision to further advance the RMB exchange rate reform. The joint announcement issued by the above two institutions on the 19th stated that excessive and disorderly fluctuations in exchange rates have had a negative impact on economic and financial stability, and the European side hopes to maintain the stability of the international financial system. In view of China's important position in the global economy, the European side welcomes China's decision to increase the flexibility of the RMB exchange rate, which is believed to be of great significance to the balance of China and the global economy. Source: EU Economic and Commercial Office
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