The central parity rate of the RMB was reported at 7.1883, an increase of 3 points.
On August 25, the central parity rate of RMB was 7.1883, an increase of 3 points. The central parity rate of the previous trading day was 7.1886, and the onshore RMB closed at 7.2777 on the previous trading day.
The probability that the Fed will keep interest rates unchanged in September is 81%
CME "Fed Watch": The probability of the Fed keeping interest rates unchanged at 5.25%-5.50% in September is 81%, and the probability of raising interest rates by 25 basis points to the range of 5.50%-5.75% is 19%; the probability of keeping interest rates unchanged by November is 50.6%, the probability of a cumulative interest rate hike of 25 basis points is 42.2%, and the probability of a cumulative 50 basis point hike is 7.1%.
Fed Collins: The Fed may need to further raise interest rates, and interest rates may be close to their peak
Fed Collins said it will take time to reduce the inflation rate to the 2% target level; the Fed has more work to do and must remain patient and firm; there are good signs that the Fed's work is achieving the desired results; the Fed may need to further raise interest rates, or it may be close to a point where it can stabilize interest rates; drawing a roadmap for raising interest rates in advance is not helpful; it is currently unable to give a clear signal as to where the interest rate peak will be; the Fed will most likely have to maintain interest rates for a period of time.
Sheng Songcheng: In the medium and long term, the RMB exchange rate is supported by solid economic fundamentals
"In the medium to long term, the RMB exchange rate is supported by solid economic fundamentals." Sheng Songcheng believes that the fundamentals of my country's long-term economic growth have not changed. As the economy continues to stabilize, the RMB exchange rate will remain basically stable. At the same time, the market generally believes that the Fed's interest rate hike is nearing completion and the spillover effects are expected to weaken. Affected by various internal and external factors, the exchange rate is unpredictable and uncertain in the short term. However, the RMB exchange rate will not depreciate unilaterally, but will maintain two-way fluctuations. If there is still depreciation pressure on the offshore RMB exchange rate in the future, it cannot be ruled out that the central bank may increase the liquidity adjustment of offshore RMB by continuing to issue more central bank bills, stabilize market expectations, and promote the "three prices in one" of the central parity rate of the RMB exchange rate, the onshore exchange rate, and the offshore exchange rate.
