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Wednesday, January 28, 2015
China's Central Bank Should Restrict RMB from Continuous Big Depreciations
ANBOUND

In a time of China's economic downturn, big depreciation of RMB has aroused high attention from markets. ANBOUND research team believes that China’s economic situation in 2015 will not be able to afford continuous big depreciations. The "new normal" of China’s economy, the development of China’s financial market, as well as dispelling ideas of withdrawing capital from Chinese market, they all require a stabilized RMB value. Therefore, China’s central bank should restrict RMB from continuous big drops while maintaining the general direction of less exchange rate intervention.

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