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Crunch time for Singapore Dollar and Renminbi

We estimate that the USD-value of central bank FX reserves – adjusted for currency-valuation effects – in China, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand rose by about $342bn (1.5% of GDP) between end-March 2020 and end-February 2021 (see Non…   Become a member to read the rest of this article Username or […]

CHINA: Signs of disagreement over monetary tightening and housing bubble risks

CHINA: Signs of disagreement over monetary tightening and housing bubble risks | Speevr

There are signs of disagreement among policymakers about how much to tighten monetary policy, with an influential voice warning that excessive tightening could trigger a sharp drop in housing prices. The proper role of monetary policy in restraining housing speculation has…   Become a member to read the rest of this article

CHINA: Strengthening renminbi may encourage loosening of capital controls

CHINA: Strengthening renminbi may encourage loosening of capital controls | Speevr

The renminbi has strengthened 8% against the dollar over the last year, driven by a resurgent trade surplus and strong flows of foreign investment into China’s onshore bond market. Capital outflow restrictions may be loosened this year, as regulators seek to balance inbo…   Become a member to read the rest of this article