sharon sanders
Editor-in-Chief & President
[h=1]China Merchants Bank: onshore RMB devaluation of more than 5% of China's feed further RRR not too far away[/h]
2015年08月11日10:40 FX168
FX168 hearing Tuesday (August 11), a senior analyst with China Merchants Bank Co., the financial headquarters of Liu Dongliang [microblogging] the latest comments indicated that the effect of pre-monetary policy and fiscal policy is not satisfactory, in order to hedge against devaluation caused by capital flight pressure, China's central bank is expected to (PBOC) further RRR far.
Dong-Liang Liu pointed out that the yuan central parity of 1.86% cut side confirms the increased risk of a hard landing for the Chinese economy, but 2% devaluation of the RMB exchange rate not to stimulate the economy itself.
Liu Dongliang expected in the onshore renminbi will usher in a new round of continued depreciation rate may be more than 5%. Devaluation expected by the Bank of China (PBOC) close attention and control, is not expected to appear cliff-style collapse or disorderly devaluation.
Slashed days after the yuan central parity, offshore renminbi against the US dollar(6.3248, 0.1152, 1.86%) fell 1.41 percent to 6.3039; down 1.38 percent against the dollar to 6.2952, there were recorded the biggest decline since records.
zhttp://finance.sina.com.cn/money/forex/20150811/104022933075.shtml
machine translation
2015年08月11日10:40 FX168
FX168 hearing Tuesday (August 11), a senior analyst with China Merchants Bank Co., the financial headquarters of Liu Dongliang [microblogging] the latest comments indicated that the effect of pre-monetary policy and fiscal policy is not satisfactory, in order to hedge against devaluation caused by capital flight pressure, China's central bank is expected to (PBOC) further RRR far.
Dong-Liang Liu pointed out that the yuan central parity of 1.86% cut side confirms the increased risk of a hard landing for the Chinese economy, but 2% devaluation of the RMB exchange rate not to stimulate the economy itself.
Liu Dongliang expected in the onshore renminbi will usher in a new round of continued depreciation rate may be more than 5%. Devaluation expected by the Bank of China (PBOC) close attention and control, is not expected to appear cliff-style collapse or disorderly devaluation.
Slashed days after the yuan central parity, offshore renminbi against the US dollar(6.3248, 0.1152, 1.86%) fell 1.41 percent to 6.3039; down 1.38 percent against the dollar to 6.2952, there were recorded the biggest decline since records.
zhttp://finance.sina.com.cn/money/forex/20150811/104022933075.shtml
machine translation