OctaFX | OctaFX Forex Broker
Open trading account
Back

China to maintain “broadly stable monetary policy” next year – Goldman Sachs

Goldman Sachs’ analysts out with its latest note on the Chinese economic outlook for the next year.

Key Quotes:

“Expect China to continue reform efforts to reduce the risks built up during growth phases.

China to maintain "broadly stable monetary policy".

Economic reforms should accelerate.

Targeted tightening to ease financial risk and address concerns on the environment, Likely to continue efforts to curb leverage in shadow banking, restraints home-price appreciation in first- and second-tier cities.

Watch for some small loosening of capital controls - this is quasi-fiscal support.

Still strong economic growth along with -higher food prices should boost CPI (up toward top end of government target range)

GS sees minor Yuan depreciation on a trade-weighted basis ... implemented opportunistically during any bouts of dollar weakness and with only modest effects on capital flows given tighter controls.” 

EUR/AUD: Circuit breaker - Nomura

AUD continues to fall out of favour, breaking out of established ranges on a number of crosses, according to Peter Dragicevich, Research Analyst at No
Read more Previous

Global economy experiencing its most broad-based upswing in years - ANZ

Analysts at ANZ suggest that it is notable that markets have been more skittish recently as volatility has picked up, the JPY has gained a firmer foot
Read more Next
Start livechat