Fed delayed interest rate hike is expected to ease the devaluation of the RMB – China Network www.bv2008.cn

The Fed rate hike on short-term depreciation of the renminbi is expected to ease – Beijing, China News Agency, Beijing, September 22 (reporter Wei Xi) 22 am Beijing time, the Fed’s September meeting announced to maintain the target federal funds rate unchanged, but hinted that it might tighten monetary policy before the end of the year. Analysts pointed out that the Fed delayed interest rate hike to ease the pressure of short-term devaluation of the RMB, China’s foreign exchange reserves continued to decline in the situation will be improved. 22, 2009, China officially announced the central parity of RMB against the U.S. dollar was $6.6513, a substantial increase over the previous trading day by 225 basis points. Chinese bank researcher at the International Institute of finance Wang Youxin said that the Fed is mainly based on the domestic economic slowdown, halt the troops and wait, hold the interest of the devaluation of the renminbi is expected to be greatly alleviated. 22, the central parity of RMB against the U.S. dollar reflects the market reflects the confidence of the latter trend of the RMB, Hongkong offshore market devaluation is expected to be released. But Wang Youxin also reminded that although the short-term devaluation of the renminbi is expected to ease, but still can not let down, at the end of October the three quarter GDP data released after the market is expected to raise interest rates in early November and mid December, the FOMC meeting will again trigger devaluation expectations, need to guard against the risk. (end)相关的主题文章: