The key for future RMB exchange rate stability is the basic balance of capital flows.

未来人民币汇率稳定的关键是资本流动基本平衡。

youdao

To maintain the exchange rate stability, the central bank would have to use base money to intervene in the foreign exchange.

要保持汇率稳定，央行就不得不动用基础货币来干预外汇。

youdao

Out of institutional reasons, the central bank has to utilize base money to keep exchange rate stability and inflation, therefore, is inevitable.

因为制度性原因，央行不得不以基础货币来维持汇率稳定，于是通胀就无法避免。

youdao

Growing deficits constrain the use of stimulus efforts to revive the economy, while Serbia's concerns about inflation and exchange rate stability preclude the use of expansionary monetary policy.

FORBES: Serbia

Exchange rate stability, of a sort, has been achieved.

ECONOMIST: Still sick and gloomy, now rebellious

South Korea's inflation has relatively contained in recent months, leaving the central bank with scope to cut rates to restore a modicum of exchange-rate stability.

WSJ: Review & Outlook: Abenomics Hits the Neighbors