Onshore and offshore yuan rates rise above 7.16 mark, appreciating more than 300 pips in the last two days

January 25, onshore and offshore yuan exchange rate intraday both rose above the 7.16 mark, the highest touched 7.1561, 7.1565. in the policy favourable catalyst, in the past two days, onshore and offshore yuan exchange rate appreciation of more than 300 points. Analysts believe that the beginning of the year to reduce the "interest rate" reflects the forward-looking monetary policy, help to enhance the basis of exchange rate stability. The central bank chose the beginning of the year to cut the quota, reflecting the monetary policy to continue to do a good job of counter-cyclical regulation, early efforts to consolidate the national economy to recover to the good foundation, is conducive to the continued improvement of the macroeconomic fundamentals, to enhance the confidence of the main market participants, to maintain the stability of the RMB exchange rate to lay a solid foundation.