Our signal is clear, that macroeconomic stability provided us rooms for monetary easing for supporting economic growth through interest rate cuts and ample liquidity in the banking system. Eventhough there is still room, we will be cautious in deliberating our further monetary easing.
We will assess throughly overall economic and financial developments, both domestic and global, when we formulate monetary policy in every monthly board meeting. In the meantime, we will focus on strengthening our monetary operations to reinforce the monetary policy transmission mechanisms. On the exchange rate policy. We adopt greater exchange rate flexibility.