A person in charge of the Monetary Policy Department of the People's Bank of China stated that next year, further deepening the market-oriented reform of Exchange Rates and strengthening Exchange Rates expectation management will effectively respond to external shocks, resolutely prevent the risk of Exchange Rates overshooting, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. The People's Bank will also enhance the overall effectiveness of policies in accordance with the requirements set forth at the Central Economic Work Conference.
央行：明年还将深化汇率市场化改革 加强汇率预期管理
The central bank will further deepen the market-oriented reform of Exchange Rates next year and strengthen Exchange Rates expectation management.
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