The report discusses the end of a rapid RMB depreciation phase and revises forecasts for USD/CNY to 6.5 by end-2015 and 6.9 by end-2016. It anticipates one more interest rate cut in 2015 and more RRR cuts in the coming quarters of 2015 and 2016. The report also maintains growth and CPI forecasts for the year.
documents/vol00010-efta01362107-pdf.pdf
{"title":"The RMB depreciation series 2: CNY forecast revision","key_people":["Zhiwei Zhang","Jun Ma"],"document_date":"2015-08-14","document_type":"correspondence","key_locations":["Hong Kong","China"],"document_subtype":"research report","key_organizations":["Deutsche Bank","PBoC"]}