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PBOC defense of RMB undervaluation is unconvincing, Mark Sobel argues

PBOC defense of RMB undervaluation is unconvincing, Mark Sobel argues
PBOC stance on RMB undervaluation challenged

Mark Sobel stated that the People’s Bank of China’s argument downplaying the significance of RMB exchange rate undervaluation is clearly false.

Sobel added that the defensive tone of the PBOC’s position indicates there is validity to the criticism regarding the currency’s undervaluation.

Sobel previously analyzed the challenges facing policymakers ahead of the IMF and World Bank Annual Meetings in Bangkok, highlighting global economic uncertainties. He has also argued that both the U.S. and Europe are weakening the factors that reinforce dollar and euro dominance, with no near-term surge in the euro expected. Sobel regularly comments on international economic and currency issues.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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