Text size

Yuan devaluation to be capped at 10%, says Credit Suisse

A sudden yuan devaluation by the central People’s Bank of China (PBoC) caught markets by surprise but Credit Suisse doesn’t foresee a decline of more than 10% as Beijing continues to roll out measures to support the world’s second largest economy. The Swiss lender said in a report that downward movement will be capped to avoid “backlash”, particularly given the…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]