According to CCTV Finance, the Federal Reserve has initiated a round of interest rate cuts with a 50 basis point pace. What impact will this have on China's macro economy and the exchange rate of RMB?

Industry experts believe that with the Fed joining the rate cut camp, the future narrowing of the interest rate spread between China and the US will create a better external environment for our country to implement supportive monetary policies.

Experts say that the RMB exchange rate will receive more support, the ROI of RMB assets will gradually rise, attracting more international capital to increase their holdings of RMB assets, more cross-border capital will gradually flow into our country, improving the domestic liquidity situation, reducing the financing costs of the real economy, and enhancing the stability of the RMB exchange rate.