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Bloomberg: China Growth Seen at 13-Year Low by Pimco

The reserve-ratio cuts are “meant to control the risk of a hard landing, not to avoid a soft landing,” said Stephen Jen, managing partner at SLJ Macro Partners LLP in London and former currency strategist at Morgan Stanley. “These monetary policies are reactive, very different from what some analysts had been expecting — something much more aggressive and pre-emptive.” [...]

Read the original article on the ‘Bloomberg’ website.

Posted on the 14/05/2012 at 1:23pm by SLJ Macro Partners LLP.