now with the improvement of living standards, prices are also rising. Accordingly, the RMB is becoming more and more devalued. The devaluation and appreciation of RMB has always been a hot topic, so how much will RMB devalue in the future? What is the trend of RMB exchange rate in 2019? Xiaobian brings you to understand.
Deutsche Bank's argument is that the central government should cool down the property market, the monetary policy may turn loose next year, and the rising borrowing cost of the US dollar will aggravate the outflow of funds, thus devaluing the RMB. Goldman also warned that China's capital outflow would be faster than the bank expected.
Due to the expectation that China's economic growth will slow to 6.2% in the next quarter, the speed of capital outflow may accelerate in the next few months, "it is believed that the Federal Reserve will tighten monetary policy, China will go to the housing bubble, and the people's Bank of China will loosen monetary policy next year, which will make capital outflow continue.".