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Capital Economics: Will PBOC let Renminbi weaken as US tariffs rise?
February 28, 2025 10:00 PM ESTAs the United States escalates tariffs on Chinese goods, a key question becomes whether the People's Bank of China (PBOC) will allow the renminbi to depreciate in response, according to a recent note from Capital Economics.
The firm said in a note Friday that the PBOC is likely to permit this adjustment, mirroring its actions during the previous trade war.
"We think it ultimately will, just as it did during the first trade war," Capital Economics analysts stated.
However, they caution that "if were wrong and the... More
Will a China slowdown halt the European equity rally? BofA explains
February 28, 2025 3:00 PM ESTIn a note Friday, Bank of America analysts cautioned that a weakening Chinese economy could weigh on European equities, despite near-term resilience.
The global PMI looks set to fade in FebruaryChina is likely a support in the very near term, but is set to weigh in Q2, they noted.
The analysts expect Chinas GDP growth to slow sharply from 5.6% in Q1 to 1.2% in Q2... More
