Morgan Stanley

Morgan Stanley () is an American multinational financial services corporation headquartered in the Morgan Stanley Building, Midtown Manhattan, New York City.






While policymakers are still trying to maintain the trade-weighted (yuan) exchange rate in a stable range, we now anticipate that they will transition towards targeting a depreciation in the NEER (nominal effective exchange rate) about two quarters earlier than initially expected, this move will help policymakers to still cut interest rates to manage deflationary pressures, but will imply further depreciation of the yuan (against the dollar).

© Quotes.net