Sentences with phrase «significant currency appreciation»

«The PBOC will have to choose between allowing significant currency appreciation and continuing to accumulate foreign assets,» Mark Williams, the firm's chief Asia economist, wrote in a research note Monday.

Not exact matches

Domestic inflationary pressures, associated with higher wages and incomes, will lead to higher inflation for non-tradable goods and services but, at the same time, the gradual pass through of the initial exchange rate appreciation will lead to lower inflation for tradable goods and services (whose prices in foreign currency terms depend to a significant extent on global considerations).

Look closer though & there's a couple of mitigants: i) The government's rather silly prudence has probably been a negative, when most investors would prefer a focus on growth at all costs, and ii) the advantage of the pound's significant decline vs. the US dollar (& other global currencies) is offset by an equally significant appreciation vs. the euro.