CNBC Worldwide Exchange June 22, 2024
Expect sharp moves in the very near term. Both of their comments from the pboc but also their actions in terms of the sharp moves that youve seen just before the close suggested theyre not very comfortable with the very rapid pace of devaluations. Other people are saying its part of their long telegraphed move toward more financial liberalization and its a good thing for the market. Where do you stand on that debate . One of the interesting things is that right now its the need to ease because the activity has been weak. I think those two pressures push you in that direction. Our sense is i th...