外汇储备的作用就是稳定汇率,因此中国央行抛售外储以控制波动率无可厚非。而在我看来,中国完全消耗完外汇储备的可能性很低。更为重要的是,长期而言,人民币对欧元和美元的升值无可避免,因此在目前水平卖出外储换回人民币似乎是一个绝佳的选择。
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