Central Bank: Countries Should Formulate Medium-to-Long-Term Policy Plans, Make Clear Commitments, and Execute Them Firmly to Avoid Constant Reversals

36Kr reports that the central bank's policy stance on the RMB exchange rate indicates that medium-to-long-term policy commitments are more conducive to stabilizing expectations. Countries should formulate medium-to-long-term policy plans, make clear commitments, and execute them firmly to avoid constant reversals. It is unrealistic to resolve global economic structural issues within one to two years; short-term policy U-turns may have the opposite effect. For example, the global tariff war in 2025 triggered a rush for imports, exacerbating imbalances and harming global economic growth.