‘Foolhardy’ to cry manipulation, OMFIF joins EEM Pilot Scheme advisory council
Wednesday 7 August 2019 Vol.10 Ed.32.2
Commentary: ‘Foolhardy’ to cry manipulation
By Mark Sobel and David Marsh
David Marsh, chairman and co-founder of OMFIF, and Mark Sobel, OMFIF’s US chairman, speak again about the renminbi and China’s designation by the US Treasury as a currency manipulator. But Beijing hasn’t intervened to build up reserves for years. In fact, China over the last year had been propping up the renminbi against downward pressures by jawboning, fixing the renminbi higher than the market price, squeezing short positions and tightening capital controls. It is foolhardy to argue China is ‘manipulating’ its currency.
Read the full commentary on the website.
The Energy Efficient Mortgages Initiative is pleased to announce that OMFIF has joined the advisory council of the EEM Pilot Scheme. The advisory council plays a key role in providing institutional support to the EEM Initiative, as a platform for the exchange of best practices and dialogue between policy-makers and stakeholders from the financing and banking communities, property and construction sectors at local, European and global levels, with the ultimate goal of achieving market development in relation to energy efficient mortgages.
Read the press release on the website.