Monetary authorities stress on financial stability

Monetary authorities stress on financial stability
By CHEN JIA |
China Daily |
Updated: 2021-05-25 08:52
A teller counts cash at a bank branch in Hangzhou, capital of East China's Zhejiang province. [Photo by Hu Jianhuan/For China Daily]
Monetary authorities have once again reiterated the need to maintain financial stability and prevent potential risks arising from areas such as the foreign exchange market and imported inflation, while keeping the renminbi exchange rate basically stable.
The renminbi exchange rate has remained basically stable at a reasonable and balanced level so far this year and authorities will strive to maintain it, a senior central bank official said on Sunday.

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