Lockhart Believes That 50% Of The Rise Is Reasonable.

Atlanta Fed chairman Lockhart said on Friday (August 28th) that 50% of the September rate hike assessment seemed reasonable.

Lockhart said that the fundamentals of the economy were sound; recent data showed positive trends; GDP growth in the third quarter was expected to be slower than in the second quarter.

In the interview with Bloomberg TV, Lockhart said: "I see the latest data show

The chance of raising interest rates in September is 50%.

In view of the current situation, it seems to me that this assessment is reasonable. "

Lockhart said, we now raise interest or wait is a problem to be solved.

We must take into account the low oil prices and the changes in the US dollar and the market before the September meeting. We must also take account of the turbulence in the financial markets.

We also say that we are close to raising interest rates. The initial rate of increase will be 25 basis points, and the progress of raising interest rates will be gradual.

Lockhart also said that the October conference could raise interest rates, but we hope President Yellen will have the opportunity to explain his views.

In addition, he pointed out that the Federation could be convened under temporary notice.

Committee (FOMC) press conference.

After Lockhart's speech, overnight index swap rates showed traders in Lockhart's speech that the Fed's rate hike in October was 54%.

Related links:

Recently, the depreciation of the central parity of the RMB against the US dollar has aroused concern from all sides.

A spokesman for the Ministry of Commerce said that since the end of last year, there has been a big deviation between the RMB exchange rate and the spot exchange rate.

The central parity mechanism of RMB exchange rate is improved, and this deviation is corrected once and for all.

This is conducive to giving play to the fundamental role of the market in the formation of the RMB exchange rate.

A spokesman for China's Ministry of Commerce issued a statement on the impact of the RMB exchange rate on business operation on Friday evening. Since the end of last year, there has been a big deviation between the central parity of RMB against the US dollar and the spot exchange rate.

The central parity mechanism of RMB exchange rate is improved, and this deviation is corrected once and for all.

This is conducive to giving play to the fundamental role of the market in the formation of the RMB exchange rate.

A spokesman for China's Ministry of Commerce said that there is no basis for sustained depreciation of the RMB exchange rate.

The growth rate of China's economy, foreign trade and two-way investment is still one of the highest in the world's major economies. The fundamentals of the economy determine that the value center of the RMB exchange rate is basically stable.

Judging from the past two weeks, the spread between the intermediate price and spot exchange rate has narrowed significantly, and the benchmark and reference of the middle price have been enhanced.

A spokesman for the Ministry of Commerce issued a statement on the impact of the RMB exchange rate on business operation, said the spokesman said that the current RMB exchange rate does not exist on the basis of sustained depreciation.

The growth rate of China's economy, foreign trade and two-way investment is still one of the highest in the world's major economies. The fundamentals of the economy determine that the value center of the RMB exchange rate is basically stable.

Judging from the past two weeks, the spread between the intermediate price and spot exchange rate has narrowed significantly, and the benchmark and reference of the middle price have been enhanced.

The spokesman pointed out that in the context of the global value chain, due to the widespread existence of inter regional upstream and downstream division of labor and intra industry trade, the change in the value of an economy and its impact on import and export will rapidly and positively spread to other economies in the chain, and the pulling effect of currency devaluation on exports will be apportioned and weakened.

The improvement of the pricing mechanism of the RMB exchange rate intermediate price has different effects on different enterprises.

China is a large import and export country, and processing trade accounts for a considerable proportion. The normal adjustment of the RMB exchange rate has limited impact on foreign trade.

The spokesman stressed that the exchange rate of a country ultimately depends on its overall international competitiveness.

At present, China is accelerating the deepening of reform, opening wider to the outside world, and actively promoting the innovation driven strategy. China's economy is undergoing pformation, upgrading, quality improvement and efficiency, and the RMB exchange rate can remain basically stable at a reasonable and balanced level.