On April 18, Zhu Hexin, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange, said at a press conference at the State Council Information Office that since the beginning of this year, the market has repeatedly expected the Federal Reserve's monetary policy to shift, international financial market turmoil has intensified, and some currency exchange rates have fluctuated. It has increased. Although the exchange rate of the RMB against the US dollar has also fluctuated, it has appreciated against a basket of currencies on a stable basis. In the short term, the economy achieved a good start in the first quarter, and positive factors increased, which was conducive to hedging external disturbance factors. It supported the RMB exchange rate. There are macro and micro foundations for maintaining the basic stability of the RMB exchange rate. Next, the central bank willfunarcadesnearmeWe focus on taking into account internal and external balance, adhere to a managed floating exchange rate system based on market supply and demand and adjusted with reference to a basket of currencies; pay close attention to changes in the foreign exchange market situation, continue to implement comprehensive policies, stabilize expectations, and resolutely correct pro-cyclical behaviors. Correct, resolutely prevent the risk of exchange rate overshoot, and keep the RMB exchange rate basically stable at an equilibrium level. (Securities Times)