Talk about my personal opinion, I hope it will help you. Generally speaking, on the premise of a country's economic stability, the increase of its interest rate is very attractive to foreign investors, which is the case in China at present. With the further increase of interest rate in China, foreign capital will invest in China rapidly for a period of time, which will inevitably increase the demand pressure on RMB in the foreign exchange market, that is, the RMB will face the pressure of further appreciation.

The appreciation pressure mainly comes from the trade surplus.

China's foreign trade surplus has been rising for 38 consecutive months.

Set a new high

Surge in foreign exchange reserves

Trade friction intensifies.

Which is that bigg factor of RMB appreciation.

This in turn forces the central bank to issue too much money.

There is a tendency to let Peng go.

In the face of this situation

It is expected that the central bank will continue to raise interest rates in the second half of the year.

Relieve Thompson's pressure

Reduce excess liquidity

Keep the economy sound and fast.