Managed float refers to a floating exchange rate regime in which the authorities intervene in various ways to keep the exchange rate level consistent with the objectives of the monetary authorities.
Under the floating exchange rate system, each country no longer stipulates the fluctuation range of the exchange rate, and the central bank no longer assumes the obligation to maintain the upper and lower limits of the fluctuation. The exchange rate of each country is the result of its own floating and adjustment according to the supply and demand of foreign exchange in the market.
China’s exchange rate regime is not yet free to float.
The choice of managed floating rate system is the correct choice according to our national conditions.
Japanese authorities intervene in the currency market, sterling to watch out for British Prime Minister’s policy confusion.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
