China | On the way to the floating regime: RMB is set to depreciate
Published on Friday, February 3, 2017 | Updated on Sunday, May 13, 2018
China | On the way to the floating regime: RMB is set to depreciate
Summary
We believe the exchange rate regime of the RMB will ultimately shift to a floating one as other major economies in the world. The floating of the RMB could come in the second half of 2018. Although certain degree of currency overshooting is inevitable, the final floating will help China’s economy restore its external balance and push up the exchange rate in the long run.
Topics
- Topic Tags
- Regional Analysis China
- Macroeconomic Analysis
Authors
Jinyue Dong
BBVA Research - Senior Economist
Le Xia
BBVA Research - Chief Economist
Documents and files
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