CNY: It’s all about stability – ANZ

Analysts at ANZ explain that now that outflow pressures have been contained and downside growth risks have diminished, they expect CNY to firm slightly in 2018.

Key Quotes

“While the authorities will allow CNY to be more market determined, they will keep the CFETS RMB Index within a stable range.”

“Easing back of outflow measures will only occur if the authorities are confident that sustained inflows can be achieved to ensure balanced flows.”