Advantages of fixed interest rate: The main advantage of fixed exchange rate system is to reduce the uncertainty of economic activities. A country with high inflation that wants to stabilize prices can choose to join the fixed exchange rate system to restore the credibility of the central bank.

Disadvantages of fixed interest rate: lack of flexibility. Because of the different economic environment and background faced by countries, it is not necessarily the best for countries to implement a unified monetary policy.

Reply time: 2022-0 1-30. Please refer to the latest business changes announced by Ping An Bank in official website.